The Indian rupee's recovery on Thursday will have to contend with a broadly higher U.S. dollar despite the Federal Reserve delivering a 50-basis-point rate cut. The 1-month dollar/rupee non-deliverable forward (NDF) declined to 83.

The stock market, Indian rupee, and gold price are all likely to do better following the much-anticipated rate cut by the Fed in the US. Here’s why optimism may be warranted

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares climbed to a record high on Thursday, buoyed by expectations of a rise in foreign inflows after the U.S. Federal Reserve kicked off its monetary easing cycle with a large half-percentage point rate reduction.

Experts rule out a runaway rally, given the steep valuations across large swathes of the market, expecting large caps to outperform broader markets.