The Indian rupee has experienced mixed movements recently. Initially, the rupee struggled due to upbeat US economic data boosting the dollar. However, it was underpinned by expected inflows, despite being countered by weak Asian peers. The rupee eventually closed higher, supported by gains in Asian foreign exchange markets and dollar sales by foreign banks. Nonetheless, the rupee remained nearly flat as dollar bids by oil companies countered the gains. The JPMorgan index also played a role in these fluctuations.
Rupee nearly flat as oil companies' dollar bids counter gains in Asia FX https://t.co/sRfgPigUmB https://t.co/jzqLfWMVua
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Rupee closes higher on uptick in Asian FX, foreign banks' dollar sales https://t.co/jj1OZVAYRr https://t.co/YD0PdP9u5p
Indian rupee underpinned by expected inflows, countered by weak Asian peers https://t.co/8dJ45dfqmR via @Reuters https://t.co/WHdGkJOqtF
Rupee likely to struggle after upbeat US data boosts Dollar https://t.co/uFHwPuxKAz . . . #Rupee #US #Dollar #RupeevsDollar #JPMorganindex #RepublicBusiness #RepublicTVLive #RepublicTV
Rupee underpinned by expected inflows, countered by weak Asian peers https://t.co/99FEMYj1O3 https://t.co/29EKy7FyUf