India’s rupee seen firming to 78.50-79.50 by fiscal year-end – HDFC Bank

August 23, 2022

The rupee has has weakened 7.5% so far in the 2022 calendar year, trading close to a record low of 80.0650 hit last month, as aggressive rate hikes by the Federal Reserve sent the dollar rallying and commodity prices soared after Russia invaded Ukraine.”We don’t think this drop in the rupee is going to be sustainable

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