💨 Abstract
The Indian rupee weakened slightly against the US dollar in early trading on January 1, 2025, due to dollar demand from importers. The rupee faced persistent downward pressure in the last few weeks due to strong US dollar and concerns over India's slowing economic growth. The dollar index and US bond yields also rose, contributing to the rupee's depreciation.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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