Rupee to drop on potential equity outflows, test key support

By Yahoo! Finance   |   2 weeks ago
Rupee to drop on potential equity outflows, test key support

The Indian rupee is expected to open weaker due to equity outflows and corporate dollar demand. Foreign investors pulled over $300 million from Indian equities, contributing to the rupee's recent decline. Asian currencies were mixed, with focus on U.S. jobs report and trade negotiations.

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