Indian Rupee falls steeply following Oil rally; Markets prepare for Fed meeting

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The resumption in concerns around trade uncertainties, the upcoming Federal Reserve policy meeting and general political risk element that continues to guide investor sentiment have led emerging market currencies within the Asian region to start the week on the back foot.

The offshore Chinese Yuan fell in line with its regional peers with weakness around 0.2%, while markets in Japan, South Korea and China closed for public holidays. The Singapore Dollar declined by a marginal 0.04%, but the likes of the Thai Baht, Offshore Chinese Yuan, Indonesian Rupiah, Philippine Peso and Indian Rupee… Read More

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