India FX Reserves, USD increased to $682.32B in May 25 from previous $681.38B

Indian Rupee: Policy support tempers depreciation risk – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad reports the Reserve Bank of India (RBI) kept its policy rate at 5.25% with a neutral stance, in line with most expectations. Indian Rupee (INR) outperformed after authorities unveiled measures to attract foreign capital and tax exemptions for investors.
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US Dollar: Fed hike odds trimmed on data – Deutsche Bank

Deutsche Bank strategists note that easing inflation fears and softer US data have led markets to scale back expectations for additional Federal Reserve tightening in 2026. The Dollar Index (DXY) is slightly lower, with jobless claims at a three‑month high and Treasury yields falling.
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