💨 Abstract

The Indian rupee remained flat on Thursday, despite being near its record low, due to the Reserve Bank of India's firm defence. This stability was partly due to a dip in dollar-rupee far forward premiums, caused by the repricing of the Federal Reserve's rate cut path. The odds of the RBI skipping a rate cut in November have risen, and the 10-year U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖