Indian Rupee eased a bit today, approaching near record low mark against the US dollar. INR is at 83.97, down 4 paise on the day. The US dollar index edged up from at its lowest level. The dollar index that measures the greenback against a basket of currencies is quoting at 100.80 today, witnessing modest gains. Investors now look ahead to the latest initial jobless claims and the Fed-preferred PCE price index report later this week for more clarity on the rate path.
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First Published: Aug 28 2024 | 2:33 PM IST
