💨 Abstract
The Indian rupee recovered from an all-time low of 87.59 against the US dollar on Friday, following a 25 basis point repo rate reduction by the Reserve Bank of India. The RBI's rate cut was widely anticipated and did not significantly impact the market. The rupee was later trading at 87.45 against the US dollar.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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