Why rupee should strengthen further
The dollar could continue to weaken as global growth stabilises
The rupee’s recent strength against the US dollar has taken most forex analysts by surprise. Even as bets were increasing about the rupee sliding to 70 towards the beginning of this calendar, the currency did a volte face and has strengthened 6 per cent against the greenback.While various reasons are cited for the currency’s strength, including copious foreign inflows, the movement of the dollar a...
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