The Indian Rupee depreciated by 0.1 percent in the last week owing to we akness in the Asian market equities which governed the trend of the Indian Rupee. However, sharp losses were capped as the American currency slumped by more than 1 percent in the last week after the conference of US President elect Donald Trump.
He mention ed nothing about tax cuts and infrastructure spending which were the two factors that had fueled the five – week rally in stocks and a selloff in global bond markets. In today’s trading session, USDINR is expected to depreciate tracking losses in the Asian m arket equities as Brexit fear overshadows markets.
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