Offshore yuan
Indian Rupee Weakens as Dollar Demand Rises Amid China Yuan Decline
On Tuesday, the Indian rupee experienced a slight depreciation as regional currencies took a breather following a fall in the value of the Chinese yuan in offshore markets. The rupee weakened due to increased demand for US dollars, particularly from oil companies and importers. The currency’s movements reflect broader trends in the foreign exchange market, influenced by the fluctuations in China’s currency and the overall dynamics of global trade.