15 Oct 2025 | 5 Mins Read
Indian Rupee may rise on dovish Powell's US dollar downturn
Flipitmoney
The Indian rupee is expected to open firmer at 88.74-88.76 against the US dollar, driven by a softer dollar after US Fed Chair Jerome Powell's dovish remarks, which reinforced interest rate cut bets. Powell's comments indicated a possibility of further rate cuts. Futures indicate a 25 basis-point rate cut this month, with odds high for a repeat reduction in December.