Foreign portfolio inflows and continued strength in global markets have aided sentiment in the wake of receding concerns over inflation. Investors are awaiting the minutes of US Federal Reserve’s late July rate-setting meeting due on Wednesday night to see if the market’s expectations on interest rates and inflation are in line with that of the US central bank
Rupee hits record low of 87.35 vs USD on rate cut expectations
The Indian rupee weakened to a historic low of 87.35 against the U.S. dollar, influenced by expectations of an impending rate cut by the Reserve
February 5, 2025