💨 Abstract

The Indian rupee rebounded on Wednesday, logging its best day in over seven months, due to a softer dollar and strong dollar sales by foreign banks. Despite the recovery, the rupee has weakened 3% since Donald Trump's election win, causing concern about inflation. Analysts are now pushing back expectations for interest rate cuts by the Reserve Bank of India.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖