The Indian rupee is seen gathering momentum in opening trades on Friday after India's GDP for the third quarter of the ongoing financial year accelerated to 8.4 percent year-on-year. However, India's core sector growth hit a 15-month low of 3.6 percent in January while the government's fiscal deficit reached 63.6 percent of the FY24 target in the first nine months of the current fiscal year. Data from US Personal Consumption Expenditures (PCE) yesterday showed that annual inflation in January was the lowest in three years, increasing possibility of an interest rate cut by the Federal Reserve. However, some Fed officials reiterated that there is no urgency to cut rates and will wait for the additional evidence of inflation data before consider lowering the interest rate, keeping the dol...

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