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The Indian rupee is expected to see some early day recovery on Friday against the dollar as the greenback came under severe pressure in the previous session. The dollar index gave up most of the rally made after Trump victory on Wednesday after the US Federal Reserve went ahead with a 25 bps rate cut yesterday. The Fed lowered its Fed Funds Target Range to 4.50%-4.75% as Fed acknowledged the economic outlook's uncertainty but still sees the economy expanding solidly. The US Dollar Index (DXY) dipped marginally following the Fed's 25 basis point interest rate cut, currently trading around 104.37. Yesterday, rupee declined 6 paise to close at a fresh lifetime low of 84.37 against the US dollar, as weak domestic equities and sustained foreign fund outflows dented market sentiment. Indian shares fell sharply on Thursday as investors assessed the likely impact of Trump's second victory on global growth and the future trajectory of interest rates. The benchmark S&P/BSE Sensex fell 836....
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