💨 Abstract

The Indian rupee strengthened slightly on Friday, tracking gains in most Asian currencies, ahead of the Reserve Bank of India's monetary policy announcement. The RBI is expected to cut policy rates by 25 basis points, marking the first reduction in nearly five years. Dollar-rupee forward premiums decreased ahead of the decision, with the 1-year implied yield slightly lower at 2.17%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖