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By Nimesh Vora
MUMBAI (Reuters) - The Indian rupee is set for a quiet session on Wednesday, eyeing whether the U.S. Federal Reserve will signal fewer rate cuts this year, compared to its December projections.
Non-deliverable forwards indicate the rupee will open in the 83.01-83.03 range to the U.S. dollar, compared with the previous session's 83.0350. It is expected to maintain a narrow range through the day.
The local currency on Tuesday weakened past the 83 level for the first time in a mon...
>>> Read more: Rupee awaits Fed's forecast on number of interest rate cuts
MUMBAI (Reuters) - The Indian rupee is set for a quiet session on Wednesday, eyeing whether the U.S. Federal Reserve will signal fewer rate cuts this year, compared to its December projections.
Non-deliverable forwards indicate the rupee will open in the 83.01-83.03 range to the U.S. dollar, compared with the previous session's 83.0350. It is expected to maintain a narrow range through the day.
The local currency on Tuesday weakened past the 83 level for the first time in a mon...
>>> Read more: Rupee awaits Fed's forecast on number of interest rate cuts
