INDIA RUPEE Rupee gains as dollar slides on U.S. data backing slower rate hikes

Written by on December 2, 2022

MUMBAI, Dec 2 (Reuters) - The Indian rupee rose on Friday, but gains were capped due to dollar demand amid a slump in the greenback after U.S. data overnight reaffirmed expectations of a slowdown in the pace of rate hikes by the Federal Reserve.

The rupee edged up 0.05% to 81.1725 per dollar by 10:22 a.m. IST . . .



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