The rupee rose against the US$ as stronger inflows buoyed by gains in domestic equities continued to extend gains in the rupee as the US$ remains in consolidation mode ahead of the US President’s testimony The US dollar index posted mild gains ahead of the US President’s congressional testimony.
The Japanese Yen tumbled sharply as the pair remains most immune among majors tostrength in the US$. More than expected details on stimulus could send the US$ ahead. March interest rate hike has risen to 50% ahead of presidential testimony .
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