INDIA RUPEE-Rupee set to find more breathing room after Trump remarks jolt dollar
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The Indian rupee is expected to strengthen following President Trump's remarks that downplayed the dollar's weakness, which has led to a decline in the dollar to multi-year lows. The rupee is projected to open between 91.48-91.52 against the dollar, recovering slightly from previous pressures. Despite this modest rise, market dynamics suggest the underlying trend remains upward for the dollar/rupee exchange rate. The dollar index has dropped to a four-year low amid expectations of Federal Reserve rate cuts and ongoing market volatility.
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