Rupee Recovers From Record Low Against US Dollar

Rupee Recovers From Record Low Against US Dollar

Gold Silver Reports (GSR) – Rupee recovers from record low against US dollar – The Indian-rupee (₹) along with Asian currencies-reversed earlier declines on Friday triggered by China weakening the yuan’s daily fixing by the most in more than two years.

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Expect Rupee To Depreciate Further Before Stabilising: Mizuho Bank

Expect Rupee To Depreciate Further Before Stabilising: Mizuho Bank – Mizuho Bank expects the Indian rupee to depreciate further before stabilising, its Strategist Tirthankar Patnaik said. 

“Global uncertainty and higher crude prices will weigh on the rupee,” adding that the pressure on the local currency is fairly strong.      

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