Dear All,
The rise has been mainly driven by capital inflows by foreign institutional investors due to moderating inflation and possibility of monetary easing by the RBI after a series of rate hikes by the central bank in the last two years.
Hence INR should appreciate in case if there is no further rate hike
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Thanks and Regards
Rohit Saxena
Losers say it is hard and impossible, but winners say it is hard but not impossible." Rohit Saxena
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