Indian Rupee depreciated by 0.13 percent yesterday owing to month end US Dollar demand from importers and banks. Moreover, strength in the DX further added to the woes.
US President Trump’s executive has ordered to make it easier for TransCanada to build the Keystone XL pipeline and for Energy Transfer Partners to build the final potion of the Dakota Access pipeline. Due to all the above factors, USDINR is likely to depreciate in today’s trading session.
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