Wagers on stronger Indian rupee grow on dovish Fed outlook, yuan rally
- Posted on September 27, 2024
- By Business News Today
- 3 Views
Wagers on stronger Indian rupee grow on dovish Fed outlook, yuan rally
The rupee, alongside its Asian peers, is benefiting from a "very risk-positive set up" following the Federal Reserve's jumbo rate cut and stimulus measures by China, Brad Bechtel, global head of foreign exchange at Jefferies, said.
