Rupee flat as markets expect RBI support; other Asian currencies slip

Quick Summary:

The dollar index was slightly higher at 101.3 while Asian currencies declined by 0.1 per cent to 0.5 per cent.

The bank expects the currency pair to move to 83.30 by the end of 2024.

The rupee was at 83.The rupee was at 83.93 against the US dollar as of 10:20 am IST, nearly unchanged from its close at 83.9475 in the previous session.

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Category: BusinessFinance

Markets: India

Topics: Indian rupee Asia markets Reserve Bank of India Federal Reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 11:05:35 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 312 words

Reading Time: 2 minutes read

Sentences: 12 lines

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Copyright Owner: © Business Standard

News ID: 22418816

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