Overview

• The rupee closed at 83.89 against the US dollar, showing slight improvement from the previous session.
• Most Asian currencies also saw gains, contributing to the rupee's positive movement.
• Federal Reserve Chair Jerome Powell's upcoming comments are expected to clarify the extent of anticipated rate cuts.
• High demand for the dollar by local importers and outflows from Indian equities have limited the rupee's gains.
• Overseas investors have withdrawn $2.1 billion from Indian stocks in August, affecting market dynamics.