Indian Rupee remains weak despite MSCI Index rebalancing

The MSCI index rebalancing significantly boosted the Indian stock market, drawing in foreign investors who fueled over $1 billion in net purchases.

A major portion of the Indian economy is witnessing an upward trend despite fluctuations, according to HSBC Global Research.

Donald Trump said early Tuesday that he would announce a 25% tariff on all products from Mexico and Canada from his first day in office and impose an extra 10% tariff on goods from China.

Minutes from the Federal Open Market Committee's (FOMC) latest meeting indicated that the policymakers are taking a cautious approach to cutting interest rates as inflation is easing and the labor market remains strong.  

Financial markets are now pricing in nearly 57.7% possibility that the Fed will cut rates by a quarter point, down from around 69.5% a month ago, according to the CME FedWatch Tool.