TAG: depreciation
Short-term pressure on rupee unlikely to affect exports: Experts
The rupee is likely to witness more pressure in the short term which may push the currency further beyond Rs 84 against the dollar, but it will not accord an advantage to the country’s exports, according to experts.“In the near term, it will stay in the R...
2 months ago
Rupee may have room to depreciate despite record low; REER data shows overvaluation
Despite the steep fall on August 6, the Indian rupee may still have more room to depreciate, according to the real effective exchange rate (REER) data released by the Reserve Bank of India (RBI).But the central bank may not have appetite for such deprecia...
2 months ago