The Indian rupee will take
cues from equity-related flows this week, while domestic and
U.S. inflation data, and the Federal Reserve s monetary policy
decision will be major factors for the currency. -June 09, 2024 at 09:30 pm EDT
- MarketScreener
The Reserve Bank of India s increased scrutiny of banks and other financial firms has resulted in a spate of supervisory restrictions, most recently on two Edelweiss Group companies for engaging.
The Indian rupee was little changed on Tuesday, unable to gain from an uptick in most Asian peers, with traders anticipating rangebound moves until the outcome of India's general election. The dollar index dipped 0.1% to 104.4 while most Asian currencies rose, with the Korean won up 0.6%, leading gains. Analysts expect the rupee to mostly trade sideways heading into the India's election results, due on June 4.
The Indian rupee was little
changed on Tuesday, unable to gain from an uptick in most Asian
peers, with traders anticipating rangebound moves until the
outcome of India s general election. .