Whalesbook
The Indian Rupee has hit a fresh all-time low, trading at 89.85 against the US dollar, surpassing its previous record. This decline is attributed to strong dollar demand and speculative trading, though the Reserve Bank of India (RBI) intervened to support the currency. Investors are now awaiting the upcoming Monetary Policy Committee (MPC) meeting for insights into potential interest rate decisions, with economists divided on whether the RBI will cut rates given inflation, GDP growth, and currency depreciation.