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The Indian rupee saw a modest rise on Tuesday, trading at 83.6250 against the U.S. dollar as of 09:30 a.m. IST, up slightly from its previous close of 83.6575.
The Australian and New Zealand dollars struggled near multi-week lows on Tuesday following China’s decision to cut several key interest rates. In contrast, the US dollar showed little change as it awaited new economic cues.
The US dollar index (Symbol: USDX) as expectations of an interest rate cut grows stronger as the spotlight shifted to economic data for more clues on the monetary policy path of the Federal Reserve.
Netflix reports underwhelming quarterly revenue despite new subscriber gains, causing its stock to flatline. Read more about the market implications and forecasts.
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