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via thehindubusinessline.comMarkets

Rupee weakens on importers' dollar payments as reserves fall for sixth week

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

Absence of RBI support adds pressure; reserves fall for sixth week to $721 billion

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA weaker rupee and falling reserves are relevant for India's currency market.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The rupee weakened on importers' dollar payments.
  2. 02Absence of RBI support adds pressure and reserves fell for a sixth week to $721 billion.

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