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The Indian rupee strengthened, surpassing the 88-mark against the dollar due to a weakening US dollar ahead of a Federal Reserve rate cut and optimism surrounding India-US trade negotiations. The rupee gained 24 paise, marking its largest intraday increase in nearly a month.
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News and Media
The Federal Reserve has initiated its first interest rate cut since December, reducing it by a quarter-point to 4.1% due to growing concerns about the labor market's health. Projections indicate two more cuts this year and one in 2026, despite investor expectations for more.
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News and Media
Indian stock indices closed higher on Wednesday, buoyed by expectations of a US Federal Reserve rate cut. Investors anticipate a 25-basis point reduction and are keenly awaiting commentary on future monetary policy. Easing foreign fund outflows and positive Fed signals could propel the Nifty towards new highs, with mid and small-cap indices also showing gains.
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News and Media
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