A global retreat in crude oil prices to bear territory cushioned the rupee’s fall, as did likely dollar sales by exporters and RBI to help the unit find a floor, traders said.
Global markets saw oil prices fall and stocks rise as US and Iran paused retaliatory strikes. The dollar weakened against peers while Treasuries gained as
India’s primary market momentum continues with over two dozen issuers planning IPOs. These companies aim to collectively raise approximately ₹35,000 crore in the upcoming month.
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