Rupee weakens on dollar demand from importers, posts slight weekly decline
Fri, Feb 9, 2024 4:30 PM

Rupee weakens on dollar demand from importers, posts slight weekly decline

A Flip by Shubhangi Gupta
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The Indian rupee closed weaker on Friday due to dollar demand from importers and a rise in oil prices. The rupee also ended the week with a small decline. The Fed's interest rate cut expectations have dropped, contributing to the dollar's stability. The rupee is expected to remain stable next week, with investors watching for inflation data in India and the US.

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