Investors analyse Fed's outlook, rupee follows Asian currencies to fall

The Indian rupee fell 0.36% against the dollar to 88.13, following the decline in regional currencies as markets assessed the Fed's interest rate cut and cautious easing stance. HSBC noted that the Fed's position was nearly tough, and the bearish bet on the rupee hit a high in February due to concerns about U.S. tariffs. India's chief economist hinted that the U.S. could lower tariffs on Indian goods. The tight rupee liquidity pushes up swap rates, causing banks to borrow at higher costs.