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Rupee watched as oil prices and foreign flows drive bets

Original: Oil, foreign flows in focus for rupee; bond traders eye rate-hike bets

Traders are watching crude oil prices and foreign capital flows to gauge the Indian rupee's next move, according to Reuters. Bond market participants, meanwhile, are focused on expectations of further interest rate hikes. Rising oil prices typically pressure the rupee because India imports most of its crude, while rate-hike bets shape demand for Indian debt.

Why now: Oil price movements and central bank rate decisions are currently the key drivers of currency and bond market sentiment in India.

Indian rupeeReserve Bank of IndiaReuters

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• Oil, foreign flows in focus for rupee; bond traders eye rate-hike bets · Reuters

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