USD/INR gathers strength ahead of Indian PMI, WPI inflation data

The Indian Rupee (INR) weakens on Monday. Heightened US Dollar (USD) demand in the non-deliverable forwards market and a weaker Chinese Yuan weigh on the local currency.
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Gold price bounces off one-week low; lacks bullish conviction ahead of FOMC meeting

Gold price (XAU/USD) ticks higher following an Asian session downtick to the $2,644-2,643 region, or a one-week low, and for now, seems to have stalled its sharp retracement slide from over a one-month high touched last Thursday.
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