![]() ![]() understands that your privacy is important to you and we are committed for being transparent about the technologies we use. Check Business Breaking News Live on Zee Business Twitter and Facebook. Get Latest Business News, Stock Market Updates and Videos Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. ![]() "In a fundamental sense, the movements of the rupee reflect the resilience of the Indian economy," as per RBI Governor. The depreciation and the volatility of the rupee in the current phase of multiple shocks is far lower than during the global financial crisis and the taper tantrum, Das said. However, a smaller CAD and favourable growth differential will lend some support to INR.” Gupta noted.Īlso Read: Rupee least volatile among Asian currencies, reflects resilience of economy: Shaktikanta DasĮarlier in February, the Reserve Bank of India Governor Shaktikanta Das had said that the “rupee has remained one of the least volatile Asian currencies in 2022 as well as 2023 so far.” “On a quarterly basis, we see USD/INR inching towards 82.5/$ in Q1, 83/$ in Q2 as the Fed rate hikes are materialised, and also see the rupee inching closer to the 84/$ mark, by the end of FY24. She also estimates that the FPI flows may remain muted in FY24, led by the elevated Fed rates and China opening up and this will have a negative impact on the rupee. Similarly, the economist expects CAD to be in the range of 3-3.5 per cent in the current financial year and this will likely narrow to 2.5-3 per cent of GDP in FY24, which would provide some comfort to Indian Rupee at the margin.Īlso Read: Pakistan's rupee continues speedy crash against US dollar, suffers another big fall You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.With the Fed widely accepted to hike rates by another 50 basis points (bps) in the next two meetings, the gap between US and India policy rates may narrow to a record low of 125 bps, she added. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. Risk Disclaimers This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. ![]() The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. Important Disclaimers The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. ![]()
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