Rupee inches up, some analysts see a significantly better 2024
MUMBAI, Dec 28 (Reuters) – The Indian rupee was slightly up on Thursday, thanks to the U.S. Federal Reserve’s rate cut expectations, with some analysts reckoning that factor will contribute to the currency seeing a rally in 2024. The rupee was quoted at 83.2650 to the U.S. dollar by 11:10 a.m. IST, up from 83.3450 on Wednesday, helped by the dollar index’s drop to 101.76 and an uptick in Asian currencies. The local unit is down 0.7% year-to-date, on course to post its sixth straight annual decline. This losing run is likely to come to a halt in 2024, according