Project News Details
Title:
INDIA RUPEE-Rupee bounce fizzles as RBI intervention thins, arbitrage flows pick up
Detail:
State-run banks' dollar sales initially supported the rupee, but arbitrage trades between offshore and onshore markets, coupled with triggered stop-losses, pushed it lower. Investors are now keenly watching the U.S. non-farm payrolls report for further market direction, with Federal Reserve rate hike expectations also in focus.
Country:
Source:
ET Energy World
Published Date:
01.07.2026
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