Indian Rupee Sees Slight Relief as US Inflation Data Supports Fed Rate Cut
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#19e6c8d0 ver:1.41

The Indian rupee sees slight relief as US inflation data supports Fed rate cut. Rupee opens stronger at Rs 83.51 against the dollar. Traders anticipate first rate cut in September. Dollar falls 0.10% to 104.9410. US dollar index falls slightly to 104.92. Rupee slips slightly on Thursday, closing at 83.56. Speculation about potential rate cut in September. Rupee expected to see marginal relief on Friday. Non-deliverable forwards indicate rupee will open at 83.54-83.55. Odds of Fed rate cut in September rise to nearly 90%. Rupee closes at 83.5350 on Friday. Investors pricing in nearly 93% chance of rate reduction. #IndianRupee #FedRateCut #USInflation #Forex...

#newstr #IndianRupee #UsDollar #CurrencyExchange #Importers #FederalReserve #RateCut #AsianCurrencies #UsBondYields #ProducerPriceInflation 

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