Rupee ends at record low of 84.74/ dollar
The US non-farm payroll data – one of the most important variables considered by the US Fed when it comes to deciding on the trajectory of interest rates – is expected on Friday. This will give further cues on US rate cuts.
RBI may go for 100 bps rate cut from December: Nomura
The investment bank has also scaled down the GDP forecast for FY25 to 6%, below the consensus of 6.9% for the fiscal year and the Reserve Bank of India’s forecast of 7.2% made in its October policy review.