India’s rupee forecast to weaken toward 100-per-dollar level even as RBI pushes back
Summary
Despite recent intervention efforts by the central bank that helped the currency improve from its lowest points, the Indian rupee is still projected to depreciate toward the one hundred per dollar threshold. Recent actions taken by authorities managed to lift the exchange rate out of the mid-ninety range, but downward pressure remains.
The RBI's latest moves have helped the rupee recover from 96.79 rupees per dollar to the 95-level over recent days.
Source: Read the full story at US Top News and Analysis
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