Rupee Forecast: IPO Inflows and Falling Oil Prices Offer Support
According to Reuters reporting, the Indian rupee is set to open modestly stronger in a 95.75-95.80 per dollar range on Friday, September 18, finding relief from a retreat in oil prices and anticipated foreign portfolio inflows linked to a major initial public offering. Reuters reporter Jaspreet Kalra noted that despite Friday’s projected uptick, the currency … Read more