Asian currencies: Rupee flat as local US dollar demand counters softer greenback
The dollar index fell to 106.62, down about 0.12%. Asian currencies rose, with the Korean won leading gains.
Source: indiatimes.com
Stay updated with breaking news from Rupee Flat. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The dollar index fell to 106.62, down about 0.12%. Asian currencies rose, with the Korean won leading gains.
India Business News: MUMBAI: The rupee edged up 1 paisa to 83.
Investors' focus now turns to the slew of U.S. data due later this week, which will help them assess how the economy is faring and gauge the outlook for interest rates. Federal Reserve Chair Jerome Powell was more hawkish at Jackson Hole last Friday than he was in July, prompting investors to raise the odds of one more rate hike this year.