MUMBAI: The rupee snapped a two-day winning streak on Monday, weighed down by weakness in domestic shares and hurt by broad-based dollar buying from importers and banks.
Traders say the rupee and other global currencies will likely track the continued uncertainty in the Us budget stalemate and government shutdown. The dollar traded near an eight-month low against a basket of currencies.
Asian currencies mostly eased taking a breather from their recent rally, as a lack of progress toward resolving the U.S. budget standoff kept investors' appetite for risky assets in check.
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