USD/INR slips as RBI delivers surprise 50 bps interest-rate cut, markets cheer dovish pivot

  • The Indian Rupee (INR) strengthens slightly against the United States Dollar (USD) on Friday, despite a surprise 50-basis-point (bps) interest-rate cut by the Reserve Bank of India (RBI). The rate trim, which exceeded market expectations, briefly overshadowed a resilient Greenback ahead of the US Nonfarm Payrolls  data.