USD/INR Holds Steady as Fed Signals Fewer Rate Cuts in 2025
The Indian Rupee (INR) remains relatively flat in today’s trading session. The stability reflects renewed demand for US dollars from importers and foreign banks against a backdrop of muted trends in domestic equities.
The Federal Reserve’s indications of fewer rate cuts moving into 2025 are adding to the INR’s cautious outlook. This situation necessitates vigilance among traders as they navigate fluctuations in both local and international markets.
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