INDIA RUPEE-Rupee ends higher, forward premiums climb to over 2-month high

The Indian rupee strengthened on Thursday while far forward premiums rose to their highest in more than two months on rising expectations of the U.S. Federal Reserve easing monetary policy cycle. The dollar has struggled for most of this month in the wake of increasing confidence that the Fed will deliver a series of rate cuts next year, most likely beginning as soon as next quarter. The probability of a Fed rate cut in January has risen to 16% from under 1% a month back, according to the CME FedWatch Tool.