💨 Abstract

The Indian rupee is expected to rise slightly on Wednesday due to recovery on Asian peers and drop in oil prices. Traders are also watching the RBI's policy decision and minutes of the last FED meeting. The rupee may rise to 83.90 at max and the RBI is expected to maintain status quo on the key policy rate. The FED minutes will reveal discussions about a deteriorating labor market and possible interest rate cuts.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖