Indian Rupee Continues to Depreciate Against US Dollar Amidst Strength of American Currency and Elevated Crude Oil Prices
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#19e6c8d0 ver:1.09

The Indian rupee continues to depreciate against the US dollar due to the strength of the American currency and elevated crude oil prices. The Reserve Bank of India is prepared to intervene to prevent significant depreciation. The rupee is expected to trade within a range of 82.90 to 83.70. Inflation data from India and the US, as well as the outcome of the US Federal Open Market Committee meeting, will impact the rupee's movement. The rupee's weakness is driven by the increasing trade deficit, but a reduction in US interest rates could boost the stock markets. #IndianRupee #USDINR #Forex...

#newstr #IndianRupee #UsDollar #ForexMarket #CrudeOilPrices #ReserveBankOfIndia #IndustrialProduction #RetailInflation #ForeignInstitutionalInvestors 

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