Rupee Gains Amidst Global Trade Concerns

  Published 10 months ago

The Indian rupee strengthened to 85.4075 against the USD, boosted by dollar inflows from index adjustments, despite broader Asian market declines due to renewed US-China trade tensions. A rate cut is expected from the RBI this week.

  • Rupee up 0.2%, supported by foreign bank dollar sales.
  • The US plans to double steel/aluminum tariffs on China.
  • RBI is expected to cut rates by 25 basis points on Friday.

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