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Rupee likely to decline on yuan-led weakness in Asia fxRupee likely to decline on yuan-led weakness in Asia fx

The Indian rupee is expected to drop at the opening on Monday, tracking losses in Asian peers and on persisting worries over U.S. yields. Non-deliverable forwards indicate rupee will open at around 83.18-83.20 to the U.S. dollar, compared with 83.1025 in the previous session. Despite the RBI’s efforts, it “does feel inevitable” that the rupee […]