Biggest Indian fund manager sees rupee climbing to 80/dollar by 2023 end

June 15, 2023

The currency will probably strengthen to 80 per dollar by the end of the year, according to Namrata Mittal, chief economist at SBI Mutual Fund, its first annual appreciation since 2017. The rupee is up 0.8% this year, and is one of only two Asian currencies that has gained against the greenback. It closed 0.3% stronger on Wednesday at 82.1062.

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