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The Indian rupee weakened on Thursday. Sluggish domestic market trends and a stronger US dollar (USD) weighed on the local currency. However, India’s fundamentals are strong and the inclusion of government bonds in global indices will attract foreign investors and boost the Indian rupee.
Breaking data: U.S. consumer price index (CPI) inflation data will be the highlight on Thursday. On the same day, the number of initial jobless claims in the United States will be released, and Federal Reserve officials Lisa Cook and John Williams will give speeches.
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