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Market move▲ Bullish for Indian equities
Lower Fed hike odds and oil prices support rupee; traders see it near 95.96
The brief
- Rupee closed Tuesday at 95.98 per dollar
- Traders expect an opening at 95.94–95.99 per dollar
- Rupee support may ease imported-cost pressure for Indian companies exposed to crude and dollar debt
- Sun Pharma plans $1 billion local debt sale for loan takeout, sources say
- India-UAE target $200bn bilateral trade by 2032; commit to local currencies, payments, digital initiatives — Check here
- Rupee-dirham trade gains ground as India and UAE target $200 billion
- India forex reserves surge to a record high in September and to provide cover for 11.2 months of goods imports, says RBI
- India's forex reserves fall $14.89 billion to $766 billion