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The Indian rupee strengthened by 11 paise to 83 29 against the US dollar

The local currency commenced the trading day on a positive note, opening at 83.28 per dollar, surpassing its previous closing value of 83.40.

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RBI s pivot to rate cuts to begin only in early 2024: Rating agency S&P

RBI Rate cuts: In India, under the assumption of normal monsoons, the rating agency expected the headline consumer inflation to soften to 5.0 per cent in fiscal 2024 (FY24) from 6.7 per cent in FY23

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