Rupee Hits One-Month High on Trade Deal Hopes

  Published 1 year ago

Indian rupee hits one-month high on foreign dollar sales, trade deal optimism, and reduced bearish bets.

  • INR rises to 85.20, up 0.4%, driven by foreign bank dollar sales and stop-loss triggers.
  • U.S.-India trade talks near deadline boost rupee outlook, with potential for further gains on deals.
  • Markets await U.S. non-farm payrolls data to gauge the Fed policy's impact on currency movements.

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