💨 Abstract

The Indian rupee recovered from an all-time low to close 2 paise higher at 84.09 against the US dollar on Tuesday, supported by a recovery in domestic markets and suspected intervention by the Reserve Bank of India. Traders are cautious ahead of the US presidential election, with markets bracing for potential volatility over the coming days due to the Federal Reserve’s monetary policy announcement.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖