Recent market observations indicate a likely strengthening of the Indian Rupee on Monday. The scenario is largely attributed to an overall weakening of the US dollar, fueled by concerns over the Federal Reserve's independent stance during President Donald Trump's tenure. Current futures data for one-month non-deliverable contracts suggest that the Rupee could open at a rate of 85.15–85.20 per US dollar, compared to 85.3675 recorded in the previous session. This puts the Rupee close to its recent peak of 84.96 reached earlier this month.
Recently, the cryptocurrency community has been abuzz with the news that the exchange Kraken has acquired the futures trading platform NinjaTrader for $1.5 billion. This deal opens new horizons for Kraken, allowing it to offer crypto futures and derivatives in the United States for the first time, as well as aiming to expand into more traditional financial markets.