The Indian rupee experienced a decline in May, becoming the worst-performing Asian currency due to tariff uncertainties, border tensions, and expectations of monetary easing. The rupee weakened by 1.27%, closing at 85.57/$1. While lower inflation and growth prospects offered some support, global economic factors and potential shifts in US monetary policy could further weaken the currency.
Technical setup signals near-term pain, but momentum may return next week: Rahul Sharma
Rahul Sharma of JM Financial Services suggests Nifty futures are range bound. A downward slide is expected, possibly reaching 25,200. Crossing 25,550 could bring fresh