The Indian rupee slipped to its weakest closing level on Monday, pressured by a decline in its Asian peers while likely intervention by the Reserve Bank of India ensured the currency did not weaken more.
US stocks experienced a notable upswing on Monday following a decline in oil prices that calmed inflation worries and propelled market growth. The S&P 500
* NY Fed survey finds rising worry over future unemployment * NY Fed poll finds little change in expected inflation * NY Fed survey reports
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