17/09/2023
The Rupee finally settled at 83.15, down 12 paise from its previous close amid dollar inflows from the FTSE rebalancing while the nationalised bank bought the dollar on behalf of oil importers.
Meanwhile, rising crude oil prices and a strong dollar also adding to negative close of Rupee.
Rupee spot is expected to consolidate between 82.90 to 83.25 before next week’s 3 major central banks (FOMC, BoE & BoJ) policy decisions.
