💨 Abstract

The Indian rupee is expected to open flat-to-weaker on Thursday due to higher-than-expected US inflation data and President Trump's announcement of reciprocal tariffs. The RBI's intervention has kept the currency relatively stable in a wide 1.5-rupee band this week. US consumer price index rose 0.5%, a significant monthly increase, and the Fed is unlikely to cut rates soon, impacting rate cut ambitions.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖