Key Points
MUMBAI (Reuters) The Indian rupee closed stronger on Monday but underperformed its Asian peers as U.S. dollar demand from local oil companies and importers capped gains...
A weaker dollar and a fall in U.S. Treasury yields sparked a rally among Asian currencies, with the Malaysian ringgit, up by nearly 2%, leading gains...
The rupee opened at 83.14 but shed some gains as importers looked to capture the dip on the dollar-rupee pair, traders said.. Local oil companies bought dollars, while state-run banks were seen on offer, a foreign exchange trader at a private bank said...
U.S. Treasury yields and the dollar retreated after data released Friday signalled the labour market in the worlds largest economy was cooling, cementing hopes that the Federal Reserve is done hiking rates...
Meanwhile, the rupee is likely to stay rangebound in the near-term, with the overall bias tilting towards depreciation, said Gaurang Somaiya, a foreign exchange researcher at Motilal Oswal Financial Services...
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