💨 Abstract

The Indian rupee is expected to open almost unchanged on Monday, influenced by regional currency gains and awaiting Federal Reserve Chair Jerome Powell's comments on rate cuts. Despite positive regional cues, month-end dollar demand from local importers may limit the rupee's gains. The rupee has shown its best monthly performance since January, driven by strong risk appetite, Fed rate cuts, and record portfolio inflows.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖