Mumbai: The rupee is likely to open stronger against the US dollar on Monday after the US Supreme Court. struck down President Donald Trump’s tariffs, prompting a recalibration of the North American country’s trade policy and reducing India’s effective tariff exposure to 15% from 18%. However, traders believe any near-term appreciation may be modest and…
After three months of continuous selling, FPIs made a strong comeback in the first week of February. highlights After three months of continuous selling, FPIs made a strong comeback in the first week of February. Foreign investors regained confidence due to India-US trade deal, better risk sentiment and strengthening rupee. According to experts, further FPI…
India US trade deal: After the announcement of India-US trade deal on Tuesday, the Indian rupee showed such strength which was not seen for the last several years. The rupee strengthened by 1.36% to close at 90.26 against the dollar. This is considered to be the biggest single-day strengthening of the rupee since December 2018….
The rupee is expected to continue its long-term depreciation, reaching 94 against the dollar by FY27, as structural headwinds outweigh temporary relief from easing trade tensions, according to UBS Investment Bank. The bank stated that the currency could weaken to 92 by the end of the current financial year, before further sliding. The Swiss bank’s…
