Rupee snaps six-session winning streak as firmer dollar pinches (opens original article in a new tab)

The Indian rupee lost 0.4% against the dollar after a six-day gaining streak, while Asian currencies declined amid a strong dollar and rising U.S. interest rate expectations. Oil prices fell after U.S.-Iran talks, but concerns about higher U.S. borrowing costs persisted.

• Indian rupee fell 0.4% against the dollar after six days of gains
• Asian currencies declined 0.3-0.7% as U.S. dollar approached one-year high
• U.S. Federal Reserve's hawkish stance increased expectations of rate hikes, affecting currency markets
• Brent crude oil prices dropped nearly 2% after U.S.-Iran talks in Switzerland
• Dollar-rupee forward premiums rose as traders hedged against rupee depreciation