Rupee Could Fall To 98/USD By July Amid Energy Crisis: BofA Securities Exec

The rupee could weaken to a record low of 98 against the US dollar by July as the energy shock triggered by the Middle East crisis continues to pile pressure on domestic assets, especially the currency, according to a BofA Securities executive.The rupee, Asia’s worst performing c

Read More

  • Related Posts

    ‘Elevated Oil Prices Could Drag India’s Growth to 6%, Below IMF Forecast of 6.5%’: Gita Gopinath

    New Delhi: India’s economic growth, projected at 6.5 per cent by the International Monetary Fund (IMF), could slow closer to 6 per cent as elevated oil prices continue to weigh on the economy, former IMF Deputy Managing Director and Chief Economist Gita Gopinath told ANI.Accordin Read More

    ₹600000-Cr Wipeout Hits Markets; Sensex Crashes 1150 Points Over Strait Of Hormuz Crisis

    Indian equity benchmarks suffered an aggressive intraday sell-off on Wednesday. Escalation in the West Asia conflict threatened global energy supply lines and triggered a major rush out of risk assets.The BSE Sensex plunged as much as 1,150 points, or 1.54%, hitting an intraday l Read More

    Leave a Reply

    Your email address will not be published. Required fields are marked *