💨 Abstract

The Indian rupee is predicted to stay near its record lows on Thursday, due to a strong U.S. dollar, driven by expectations of a measured Fed rate cut next year and high long-term U.S. yields. The rupee has been on a continuous decline since mid-October, attributed to India's growth slowdown, tepid capital flows, a hawkish Fed outlook, and concerns about U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖