Robust job growth lifts dollar
Mon, Feb 5, 2024 3:32 PM

Robust job growth lifts dollar

A Flip by Shubhangi Gupta
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Rupee traded in a narrow range due to caution ahead of the Union Budget and FOMC statement. India saw outflows of $2.6 billion while RBI intervened to control volatility. The budget showed fiscal deficit lowering for FY25, leading to positive reaction for the rupee. Inflation data and Fed's stance on rates will impact the dollar, expected to remain strong with jobs market and inflation figures.

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