The local currency opened at 86.5650 against the US dollar, and by 9:30 AM it traded at 86.5938 against the US dollar, as compared to 86.5863 at close on the previous trading session against the ...
In such a scenario, the demand for Indian rupees will plummet. After all, if the Americans can’t buy Indian goods, why would they go to the currency market to buy Indian rupees? End result: rupee will ...
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We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have ...
Given these concerns, UBS has revised its outlook for India, advising investors to buy bearish rupee options, pricing in a further 2.6% depreciation of the Indian currency this year. The bank also ...