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Rupee likely to depreciate on strong dollar, risk aversion in markets; USDINR pair to trade in this range

Rupee likely to depreciate on strong dollar, risk aversion in markets; USDINR pair to trade in this range

Information Portal by Information Portal
May 26, 2022
in Finance
Reading Time: 1 min read
0

Focus will be on the US FOMC minutes. Traders will seek clarity on the pace of balance sheet reduction and the quantum of the next hike. Over the near term, USDINR is expected to trade within a range of 75.45 and 76.20 on spot

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