Loading…
USD/INR edged marginally higher to around 73.95 after the rupee settled at 73.93 on Friday. Analysts raised their India GDP forecasts after a better-than-expected second-quarter reading, now expecting a 6-8% contraction in fiscal 2021.
Upward revisions to India's growth outlook support the rupee modestly, but the RBI's dollar purchases limit appreciation and keep import costs broadly stable.
currencylive.comFiona CincottaNov 30, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
