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Wall Street's AI-driven selloff lifts the Indian rupee

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A sharp move in US technology stocks linked to artificial intelligence concerns has shifted investor flows and benefited the Indian rupee. Capital that was pulled from Wall Street has found its way into emerging-market assets, supporting the currency against the dollar. The development reflects how turbulence in American AI-related equities is spilling over into currency markets in other economies. Analysts note that such rupee strength depends on whether foreign investors continue to view India as a relatively attractive destination.

Read the full story at Economic Times

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