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Analysts expect the rupee to trade between 73.70 and 74.50 per dollar next week as foreign fund inflows slow and the Q2 GDP figures are released. Expectations of further stimulus are raising fears of higher government borrowing, while RBI dollar purchases are capping rupee gains.
Slowing foreign inflows and higher expected government borrowing could weaken the rupee, raising the rupee cost of dollar-priced feed imports.
dailyworld.inDailyworld News DeskNov 22, 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.
