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The Indian rupee weakened slightly on Friday, pressured by month-end dollar demand from local oil companies. Dollar-rupee far forward premiums fell as investors reduced bets on another large US rate cut.
Higher dollar demand from oil importers raises the rupee cost of imported energy and goods, a small upward pressure on the dollar-rupee rate.
reuters.comJaspreet KalraSep 27, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
