Rupee Rallies as Dollar Weakens

  Published 1 year ago

The Indian rupee and other Asian currencies gained ground Monday due to U.S. trade policy shifts and fiscal concerns weakening the dollar. The rupee hit a two-week high, though it lags other Asian currencies in May’s gains, with forward premiums declining.

  • The rupee rose past 85/USD for the first time in weeks.
  • Trump’s tariff threats pressured the dollar index.
  • Forward premiums fell below 2% amid rate cut expectations.

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