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Asian currencies: Rupee flat as local US dollar demand counters softer greenback

The dollar index fell to 106.62, down about 0.12%. Asian currencies rose, with the Korean won leading gains.

Rupee trades flat against US dollar amid gains in equities

mergers and acquisitions: Rupee flat as corporate dollar purchases counter weaker dollar

Investors focus now turns to the slew of U.S. data due later this week, which will help them assess how the economy is faring and gauge the outlook for interest rates. Federal Reserve Chair Jerome Powell was more hawkish at Jackson Hole last Friday than he was in July, prompting investors to raise the odds of one more rate hike this year.

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