The Indian rupee's recovery on Thursday will have to contend with a broadly higher U.S. dollar despite the Federal Reserve delivering a 50-basis-point rate cut. The 1-month dollar/rupee non-deliverable forward (NDF) declined to 83.

The Indian rupee reached a two-month high, driven by portfolio inflows and a rally in the Chinese yuan following the Federal Reserve's interest rate cut. The rupee closed at 83.68 against the U.S. dollar,

The stock market, Indian rupee, and gold price are all likely to do better following the much-anticipated rate cut by the Fed in the US. Here’s why optimism may be warranted

The Indian rupee is expected to receive a boost on Monday from the increasing probability that the U.S. Federal Reserve will deliver a 50-basis-point rate cut in the week.

The rupee rose to its strongest level in over six weeks on Thursday after the Federal Reserve kicked off policy easing with a 50-basis-point rate cut, but traders expect importer dollar bids to limit the currency's immediate gains.