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Rupee to rise on dollar slide sparked by Fed autonomy concerns - REUTERS

APRIL 21, 2025

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MUMBAI, April 21 (Reuters) - The Indian rupee is likely to advance on Monday, tracking broad dollar weakness triggered by worries about the Federal Reserve's independence under U.S. President Donald Trump.
The 1-month non-deliverable forward indicated that the rupee will open at 85.15-85.20 to the U.S. dollar compared with 85.3675 in the previous session.


The rupee is not too far away from the recent high of 84.96 hit at the beginning of the month.

MARKET NEWS

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