The rupee is expected to depreciate on muted Asian market and elevated crude oil prices. USDINR (January) is expected to trade in a range of 74.30-74.60. The Indian rupee settled at Rs 74.27 againsts the US Dollar on Friday. Last week, the local unit was rangebound to close at 74.31 against the greenback. In the …
The rupee is expected to depreciate on strong dollar and surge in crude oil prices. Further, investors fear the Fed may respond more aggressively to tame stubbornly high inflation than previously anticipated. The rupee weakened on Thursday to close at 74.42 (provisional) against the US dollar, tracking the strength of US greenback in the overseas …
Going forward, the rupee is expected to depreciate on a strong dollar, risk aversion in the global markets, and surge in crude oil prices. The Indian rupee rupee surged 23 paise on Wednesday (5 January) to close at 74.35 (provisional) against the US dollar, tracking gains in domestic equity markets. At the interbank forex market, …
Rupee likely to depreciate on a strong dollar, USDINR pair to quote sideways Read More »
