Rupee Falls to One, Month Low

  Published 1 year ago

The Indian rupee hit a one-month low of 86.0025 against the USD due to equity outflows, broken support levels triggering stop losses, and dollar demand. Despite this, forecasts predict a potential rupee rebound with improving inflows.

  • Equity outflows & technical breaches pressured INR.
  • Strong dollar demand from firms weighed on the rupee.
  • BofA & peers are now bullish on the currency.

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