💨 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
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