Rupee Rally Faces Limits From Indiaโs Oil and Dollar Problem
The Indian rupeeโs sharp rebound from near a record low is set to lose steam as high oil prices and persistent dollar demand limit the scope for further gains.
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The Indian rupeeโs sharp rebound from near a record low is set to lose steam as high oil prices and persistent dollar demand limit the scope for further gains.
Indian asset managers are restricting fresh investments into gold products ahead of the key festive season when demand is strong, adding to the nationโs efforts to curb appetite for the precious metal amid a historic slide in the local currency.