The Indian Rupee is expected to appreciate to around 82 against the Dollar in the calendar year 2024 on the back of a softening dollar, robust Foreign Portfolio Investment( FPI) inflows, and a comfortable current account deficit, according to a report by CareEdge Ratings....
However, the report also said that interventions by the Reserve Bank of India( RBI) to build forex reserves might act as a counterforce to curb the appreciation of the Rupee....
It moved in a narrow range of Rs 83.07 per D
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2024-01-25 00:00:00.0