💨 Abstract

The Indian rupee weakened by 0.4% against the US dollar on Monday, due to strong demand for dollars at the daily reference rate and the Chinese yuan's decline amid economic concerns and a global trade war. The U.S. dollar index also rose as job creation in the U.S. was slightly below expectations. Asian currencies, including the yuan, were generally weaker due to trade policy uncertainty and tepid risk sentiment.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖