Rupee likely to appreciate in near term amid stronger flows & global tailwinds: Report
Saturday, 3 May 2025 ()
Bank of Baroda projects the Indian rupee to strengthen to 84-85 against the US dollar, driven by a weak dollar, falling oil prices, and renewed foreign investment. Positive trade talk signals and India's strong macroeconomic position are also contributing factors. However, escalating US-China trade tensions remain a key risk.
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