The Indian rupee is likely to appreciate on the back of US dollar weakness, falling crude oil prices and increasing risk appetite in global markets. Today the focus is on the FOMC protocol. It may show consensus on the need to slow rate hikes, but disagreement on the endpoint and whether to prioritize inflation or economic growth. In the previous session, the rupee appreciated against the US dollar as the US currency retreated from elevated levels. Domestic stocks rebound and stronger…
