Indian rupee to follow Asian FX higher, RBI key factor in 2024 – Markets

MUMBAI: The Indian rupee is expected to open marginally higher on Friday, tracking an uptick in Asian peers on bets of a Federal Reserve pivot as early as next quarter.

Non-deliverable forwards indicate the rupee will open at around 83.12-83.14 to the US dollar compared with 83.1650 in the previous session.

The offshore Chinese yuan climbed to the highest since June to 7.0910 to the dollar,…

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News Source: www.brecorder.com