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US Fed Expects Three Rate Cuts In 2024; How Does Lower Interest Rates Impact Indian Market?

The US Federal Reserve maintained key fund rates at their highest level since 2001, for the fifth consecutive monetary policy meeting. Also, Fed officials continue to expect three rate cuts scenario by this year-end. Amidst finding inflation still sticky, the trajectory ...

Rupee trades weak; breaches 62 levels

The rupee was weak against the dollar in early trade and at one stage breached through the 62 level mark. The currency was last trading at 61.93, down 5 paise over Tuesday's close. The dollar rallied against major global currencies, ...

Rupee opens weak at 63.30 against the dollar

The rupee opened the day lower against the dollar, dropping 47 paise at 63.30 on sustained demand for the dollar. The rupee is likely to remain range bound ahead of the crucial 2-day Fed meeting scheduled for Sept17-18. Dealers say ...