The rupee forecasts highlight the downside risk for the Indian currency, which analysts surveyed by Bloomberg expect to end the quarter at 82 against the dollar. While the Bloomberg JPMorgan Asia Dollar index has rallied more than 7% since the start of November, the rupee has only appreciated 1.5%.
F&O Talk: Nifty’s bullish structure intact after best week in 5 years; Sudeep Shah on HDFC Bank strategy, picks 5 stocks this festive season
Nifty surged 8% to post its strongest weekly gain in five years, supported by improving technical indicators and bullish momentum. SBI Securities’ Sudeep Shah discusses