Rupee Stable Amid Oil Tensions, Fed Watch Looms

  Published 1 year ago

Indian rupee unchanged as oil prices Iran-Israel tensions offset FPI inflows; Asian currencies rangebound ahead of Fed decision.

  • Oil prices surge 17% this month, weighing on Philippine peso (,1%) and Asian risk appetite.
  • Foreign banks sell dollars, limiting rupee declines amid elevated geopolitical risks in Middle East.
  • U.S. Fed's policy decision later fuels investor focus on rate projections and Powell's commentary.

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