Asian stocks rose on Wednesday, while the dollar was steady as a softening US labour market firmed up bets of an interest rate cut in September from the Federal Reserve ahead of a crucial payrolls report this week.
Investor worries of a cooling US economy, however, kept a lid on risk appetite, while the focus in Asia is on how Indian markets fare after stocks sank and the rupee slid on Tuesday following voting results that showed a slimmer-than-expected victory margin for Prime Minister Narendra Modi.
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