💨 Abstract

The Indian rupee is anticipated to open higher on Wednesday, boosted by strengthening Asian peers and increased chances of a more aggressive U.S. Federal Reserve rate cut. This follows China's efforts to stimulate its economy. The rupee's upward trend was disrupted on Tuesday due to dollar buying by corporates and importers, as well as MSCI rebalancing outflows.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖