Rupee expected to strengthen as Fed outlook weighs on dollar
after close1 source ↓written by the desknot a recommendation
- against the dollar
- ₹89.85
- 98.58
The Indian rupee is set to open stronger, anticipated near ₹89.85 against the dollar, following a less-hawkish U.S. Federal Reserve outlook. The dollar index is near a two-month low of 98.58, contributing to a positive sentiment in Asian markets. This shift may bolster Indian equities as well.
Not investment advice. For informational purposes only.