Rupee Clings To Modest Gains Hemmed In By Softer Dollar Corporate Hedging
Economic Times
The Indian rupee saw a slight gain on Friday, though it's set for a weekly dip. Despite a weaker dollar and positive Asian currency movements, corporate demand and hedging activities are capping the...
The Indian rupee saw a slight gain on Friday, though it's set for a weekly dip. Despite a weaker dollar and positive Asian currency movements, corporate demand and hedging activities are capping the rupee's rise. Analysts suggest the Federal Reserve's reduced urgency for rate hikes offers some comfort. Meanwhile, foreign investors are boosting Indian bond purchases ahead of index inclusion, while equities followed regional trends.
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