Rupee’s fortunes depend on RBI’s intent to prevent further weakness: Economists

Rupee’s fortunes depend on RBI’s intent to prevent further weakness: Economists

MUMBAI: The Indian rupee‘s near-term fortunes may directly be influenced by the Reserve Bank of India‘s intent on preventing any further depreciation in the currency as the surge in COVID-19 cases hits jobs and growth, economists and traders said. The rupee has already lost 2.6% against the dollar so far this month, putting it on … Read more