Rupee fell 0.2% to 84.4325/USD, tracking regional peers and dollar demand from foreign banks.
Yuan retreated from a 6-month high; dollar index slipped 0.1% amid global policy uncertainty.
Traders cited importer hedging and US bank bids as key pressure points on the rupee.
BofA sees potential in carry trades pairing rupee with low-yielding currencies like Thai baht.
Comments
Post a Comment