The rupee is under continuous pressure amid persistent outflows of foreign funds from domestic equities and strong U.S. dollar holding near multi-month highs above 102 (DXY), forex traders said
The rupee is under continuous pressure amid persistent outflows of foreign funds from domestic equities and strong U.S. dollar holding near multi-month highs above 102 (DXY), forex traders said
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In early Wednesday trading, the rupee depreciated by 10 paise, settling at 96.45 against the US dollar. Investors are keenly awaiting the Reserve Bank of India's upcoming monetary policy decisions regarding interest rates and liquidity, with many analysts predicting a rate hike due to escalating inflation concerns stemming from the ongoing conflict in West Asia.
