Yearly Currency Outlook 2022 By ICICI Direct
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Rupee
* In the last decade, on three occasions, the rupee has seen sharp depreciation of more than 20% as in CY08- 09, CY13-14 and CY18-20. The sharp depreciation is followed by multi year consolidation (minimum of 11 quarters)
* In the current scenario, the rupee after depreciating from 63.5 to 76.9 during CY18-20, has been consolidating in a narrow range in the last seven quarters. As per historical evidence, we expect the current consolidation to extend in the coming year in the broad range of 72-78.
To Read Complete Report & Disclaimer Click Here
https://secure.icicidirect.com/Content/StaticData/Disclaimer.html
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
