Indian rupee, bonds to track oil prices; local and US inflation data in focus
MUMBAI: Oil prices will drive the Indian rupee and government bonds this week amid Middle East uncertainty, while traders also watch July inflation data from India and the US for rate cues. The Indian rupee closed at 95.2075 per dollar on Friday, up about 0.2% week-on-week. Data on Friday showed the US economy unexpectedly lost jobs in July, leading traders to scale back Fed rate-hike bets, which…
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