2 publishers · first seen Thu, 12 Nov 2026 00:00 UTC · updated Thu, 12 Nov 2026 11:08 UTC
The Indian rupee depreciated against the US dollar on Thursday, influenced by a stronger greenback and rising US rate hike expectations. The rupee had previously strengthened to its highest level since April, supported by foreign portfolio investor inflows and softer crude oil prices. Forex traders attributed the dollar's strength to a hawkish Federal Reserve speech and increased odds of a rate hike in December.
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