Perspective on Indian Rupee by Ms. Mihika Sharma - Associate Economist at CARE Ratings

2024-08-28 12:42:09 pm | Source: CareEdge Ratings

Perspective on Indian Rupee by Ms. Mihika Sharma - Associate Economist at CARE Ratings

News By Tags | #ExpertViews #CareEdgeRatings #MihikaSharma #CurrencyTips

Below the Perspective on Indian Rupee by Ms. Mihika Sharma – Associate Economist at CARE Ratings

"The Indian rupee has slightly strengthened over the past trading sessions closing at 83.91 on August 26 compared to 83.95 about a week ago.

A weaker dollar is offering some support to the rupee, however, dollar demand from importers and foreign portfolio outflows from Indian stocks have limited rupee’s gains.

We expect the rupee to trade between 83.60 and 84.10 in the near term. While the approaching Fed rate cuts may provide support, rising oil prices could put some pressure. The RBI is likely to intervene on both sides, as needed, to contain any rupee volatility.”

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Perspective on Indian Rupee by Ms. Mihika Sharma - Associate Economist at CARE Ratings

Top News

Tag News

More News