Rupee slips to 84.83 per dollar amid India-Pakistan border tensions

Quick Summary:

The rupee fell 0.

The easing of trade tensions has allowed the dollar to rebound, negatively impacting major currencies.

Now we will have to wait for a day or two in case some more developments are there,” said the treasury head at a private bank.“Buying momentum is there, the sentiment is good in the market, and the yields have already moved up,” he added.

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Article Details

Category: BusinessFinance

Markets: IndiaPakistan

Topics: Dollar index USDINR Forex India Pakistan Rupee Geopolitical tensions Federal Reserve RBI intervention Bond yields HDFC Securities

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 19:03:43 (18 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 521 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 28470236

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