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S&P 500 — US Large Cap Index
NASDAQ 100 — Tech Growth Index
Dow Jones — Industrial Average
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
INRUSD

Indian Rupee Stuck Near Record Lows

The Indian rupee hovered around 88.6 per USD, trading in a tight range near all-time lows, after subdued inflation fueled expectations of a December rate cut. India’s retail inflation slumped to 0.25% in October, the lowest on record and well below the RBI’s 2%-6% tolerance band for a second consecutive month. This gives the central bank room to support growth amid slowing economic momentum and ongoing trade pressures from US tariffs on Indian exports. Economists are projecting a 25 bps cut in December, with another possible cut in February. Markets now watched for signs of a potential US-India trade deal after an Indian official said New Delhi is awaiting Washington’s formal response, following President Trump’s remarks that a deal is close. Analysts say a breakthrough could lift the rupee and attract foreign inflows. The RBI has been defending the 88.80 level for over a month, repeatedly stepping in to prevent a break lower amid strong importer dollar demand and weak portfolio flows.

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