Whalesbook
The Indian Rupee depreciated by 18 paise to close at 88.66 against the US Dollar on Thursday. The dollar strengthened globally after US Federal Reserve minutes indicated a likely pause on interest rate cuts in December, following the October reduction. Forex traders noted the dollar index rising to 100.25. Experts suggest rupee support near 88.40, with potential to test 88.00–87.70 if it breaks below the current support. Positive India-US trade talks and rising domestic equities also influenced sentiment.