Currency Woes: Rupee likely to weaken to Rs 79 vs USD in 2 months - Economic Times

Dollar buying by oil companies and foreign portfolio investors (FPIs) who have been sellers in equities were the major reasons for the persistent weakness in the Rupee.Brent Oil has been consistently above $105 per barrel though it has fallen from a peak of $…

USDINR opened the week at 77.97 and was biddish for the entire week as it made a low of 77.87 before making a fresh high of 78.3950 which was a new high for the currency pair. On every dip, there we… [+3787 chars]

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