Though institutional sales remained net positive, the impact of FII sales was evident, with upswings steadfastly facing resistance throughout the week. All days this week, except for one day, saw lower lows asserting a bearish bias.
Rupee shifting to 87-87.50 range against dollar; expects 50-75 bps rate cut in CY25: Upasna Bhardwaj
Upasna Bhardwaj, Chief Economist at Kotak Mahindra Bank, forecasts the rupee shifting towards 87 against the dollar. She projects GDP growth at 6.1% for FY25