ICICI Direct's currency report on USDINR
Rupee future maturing on September 28 depreciated yesterday by 0.31% amid a drop in domestic equity markets. However, a sharp drop in crude oil prices restricted further weakness in the rupee • The US dollar traded flat yesterday despite strong economic data from the US. Retail sales in the US went up 0.3% in August from July, following a revised 0.4% fall in the previous month and beating forecasts of a flat reading.
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