By Dharamraj Dhutia and Jaspreet Kalra
MUMBAI, Nov 18 (Reuters) – The Indian rupee will rely on the central bank’s help to counter headwinds this week, as the possibility of slower Federal Reserve interest rate cuts and expectations surrounding Donald Trump’s policies boost the dollar and U.S. bond yields.
The rupee closed at 84.3950 on Thursday, after slipping to a record low of 84.4125 earlier in the week. Indian markets were closed on Friday for a holiday.
A sharp rise in the dollar and elevated U.S. bond yields since Trump’s victory in the U.S. presidential election have weighed on Asian currencies, but frequent interventions by the Reserve Bank of India have supported the local currency.
The rupee is down 0.5% so far this month, outperforming most regional peers which have declined as much as 3%.
“We remain negative on the outlook for Asian FX through H1 2025, given the potential negative economic impact of likely US…
