💨 Abstract

The Indian rupee is expected to open weaker on Wednesday due to anticipation of the U.S. Federal Reserve's policy decision, with focus on updated forecasts and guidance. The rupee has risen due to the dollar's decline and euro rally, climbing 1% in March. However, a senior FX trader suggests a halt in the rupee's positive run as importers may increase hedge ratios.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖