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Indian rupee extends losses versus US dollar amid oil and yield moves

The rupee decline is tied to a recovery in oil prices and a rise in US yields, according to FXStreet.

Reported · Written up by our desk · Major Pairs

The Indian rupee extended its losses against the US dollar on Thursday, FXStreet reports.

The outlet links the move to a recovery in oil prices alongside surging US yields, which weighed on the INR.

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Sources

FXStreetIndian Rupee declines significantly due to oil price recovery, surging US yields

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