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Softer inflation readings have prompted investors to bet that more rate hikes will not be required despite the last Fed dot plot indicating one more rate hike beyond July
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Offshore was indicating a quiet open, but dollar-rupee short positions will be counting on a favourable momentum
Offshore was indicating a quiet open, but dollar-rupee short positions will be counting on a favourable momentum
The US central bank is widely expected to raise rates at its meeting next week — investors reckon that it is likely the last hike of the current cycle
The offshore Chinese yuan dropped to 7.2140 to the dollar, headed for its fourth straight day of declines, on persistent pessimism regarding the Chinese economy
Over the last two weeks, the RBI has been regularly buying dollars via public sector banks, according to market participants
According to the World Bank, private remittances or transfers of money from NRI to friends and relatives in India crossed the $100 billion threshold in 2022
The rupee's move is coming on the back of its best weekly performance in more than four months on cooling US inflation
The Indian diaspora accounts for 3.7 million of the UAE’s over 9.6 million population
Asian shares and currencies rose, while the dollar index slipped below 100 to a fresh 15-month low as expectations of the Federal Reserve pausing interest rate hikes firmed up