Market News
Rupee, forward premiums bogged down by pullback in Fed cut hopes
MUMBAI, Nov 20 (Reuters) - The Indian rupee slipped on Thursday and dollar-rupee forward premiums eased as traders pared bets on a U.S. Federal Reserve rate cut next month, after minutes of its latest meeting signalled a hawkish lean among policymakers.
The rupee was at 88.72 against the U.S. dollar, down 0.15% on the day. The currency has retreated back to within touching distance of its all-time low at 88.80 after touching a two-week high of near 88.40 in the previous session.
