MUMBAI – State-run banks were observed offering the USD/INR, as indicated by a foreign exchange trader at a foreign bank. This increase in the rupee’s value, attributed to IPO-related inflows, has sparked a glimpse of optimism globally. Sources indicated that state-run banks were actively offering the USD/INR, according to insights from a foreign exchange trader at a foreign bank. Investor focus has now shifted to the eagerly anticipated U.S. initial jobless claims data scheduled for later in the day.
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