💨 Abstract

The Indian rupee declined 3 paise to 83.69 against the US dollar on Friday due to increased month-end demand for the American currency and subdued domestic equity markets. However, it was supported by sliding crude prices and renewed foreign fund inflows. The local unit is expected to trade with a slight positive bias amid positive global markets and rising odds of a rate cut by the Federal Reserve.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖