Ella 
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The Indian rupee extended losses on Wednesday, hurt by losses in Asian currencies and demand for dollars from importers. However, positive domestic markets and Federal Reserve Chairman Jerome Powell’s dovish speech at last week’s Jackson Hole annual meeting may limit the rupee’s losses.
On Wednesday evening, Fed Governors Christopher Waller and Raphael Bostic will deliver speeches. U.S. second-quarter gross domestic product (GDP) is expected to grow at an annual rate of 2.8% on Thursday. On Friday, the US personal consumption expenditures (PCE) price index and India’s quarterly gross domestic product (GDP) report for the first quarter of fiscal year 2024-25 will be in focus.
