Rupee edges higher on soft dollar, traders eye inflows

Quick Summary:

The currency weakened around 0.7% in the first two days of the week.

Traders pointed to the Reserve Bank of India likely buying dollars on Monday when the rupee scaled a high of 80.88.

Wall Street indexes closed mixed overnight, though their Asian counterparts gained.

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Article Details

Author / Journalist: Reuters

Category: EconomyBusiness

Markets: IndiaIndonesia

Topics: Rupee Rupee against dollar Rupee versus dollar Rupee against us dollar Business news Rupee india

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-25 @ 14:36:04 (1 months ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 4762706

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