Broad-based dollar bids and declining Chinese yuan pressured the local currency, according to forex traders.
Asian currencies traded mostly lower on Monday, while the dollar index gained 0.1% to 108.1. The offshore Chinese yuan was down 0.2% at 7.31, pulled down by rising US bond yields.
This story is from the December 31, 2024 edition of Financial Express Delhi.
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This story is from the December 31, 2024 edition of Financial Express Delhi.
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