The Indian rupee showed little movement on Monday, remaining steady in a limited range due to ongoing central bank actions. Market participants are keenly observing potential U.S. sanctions on Iran, while the continuing conflict in the Middle East poses risks to oil prices and India's import reliance. Meanwhile, the dollar index gained strength, contrasting with declines in most Asian currencies and regional equities.
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Interventions hold rupee on narrow leash, traders await US sanctions on Iran
The Indian rupee showed little movement on Monday, remaining steady in a limited range due to ongoing central bank actions. Market participants are keenly observing potential U.S..
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