February 26, 2024

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Podcast: Important threats to rupee’s rally

2 min read

From an all-time lower of 76.92 touched in April sometime final year, the rupee has rebounded neatly to hit highest levels in practically a yr to establish that it is not just the domestic marketplace whose restoration is really worth having be aware of!

When the rupee opened now, it touched an intraday high of 72.57, up approximately 18 paise about its preceding near of 72.75, helped by upbeat possibility hunger in the markets and sturdy macro information that arrived out on Friday night. The rupee is now trading at degrees observed in March 2020.&#13


The sturdy rally in the domestic forex since has arrive on the back of a weak greenback and subdued crude price ranges.

In the meantime, large FDI discounts and robust FPI inflows way too have supported the increase in the forex. But with crude rearing its hideous head all over again, the query continues to be is the increase in rupee likely to be challenged shortly?

In this podcast, Sujan Hajra, main economist at Anand Rathi Shares & Stockbrokers and Gaurang Somaiyaa, currency trading & bullion analyst of Motilal Oswal Economical Companies discusses the threats to rupee’s trajectory and what’s the outlook for the forex like


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