It is clearly evident that the inherent nature of the Indian Rupee has been to depreciate against the dollar with intermittent corrections and will continue to be so. Cross Currency | Is long term rupee weakness evitable?.In addition, the energy crisis and subsequent rise in oil prices amid recovery from the pandemic, China’s relentless clampdown on Industries, has kept the equity investors on the edge across the globe. The noise about a correction in the global equity market has become louder post the indication about a move towards policy normalisation by the FOMC in its last monetary policy meeting. Cross Currency | History doesn't repeat itself, but it often rhymes! What will it do for Nifty and Indian Rupee?.The partially convertible rupee had started the day at 74.81/$1 and then moved in a range of 74.69/$1 to 74.94/$1. The rupee on Friday settled at 74.89/$1 as against 74.8600 per US dollar on Thursday. Rupee falls ahead of key US data lack of OMO disappoints gilts MPC minutes eyed.
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