Rupee Rallies as Dollar Weakens

  Published 10 months 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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