Rupee ends week at 88.72 per US dollar
The Indian rupee ended last week at 88.72 per US dollar, not far from its all-time low earlier in the week.
This dip comes as investors worry about the impact of higher US tariffs and stricter immigration rules on trade, leading to a 0.7% fall for the rupee over the week.
All eyes are now on the Reserve Bank of India (RBI), whose upcoming policy announcement could shape where the rupee heads next.
Traders divided on RBI's upcoming policy announcement
The RBI is set to announce its monetary policy this week, and traders are split—some expect interest rates to stay at 6.50%, while others predict a cut that could put more pressure on the rupee.
Meanwhile, India's benchmark 10-year bond yield ticked up to 6.52% as markets brace for whatever comes next.
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