Indian rupee faltering rally faces returning oil pressure, surging US yields

MUMBAI: The Indian rupee’s faltering rally faces further challenges on Friday, as rising oil prices revive a key source ​of pressure and surging US yields bolster the dollar. The Indian rupee is expected to open weaker than the 94-per-dollar mark and remain under pressure, after falling below it on Thursday in its biggest daily decline in ​nearly three weeks. The external backdrop is turning less favourable for the ​rupee, which has now faced resistance at the 94-per-dollar ⁠mark for three strai

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