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Dollar dilemma: Inflationary woes to weaken rupee
TIWN
TIWN
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New Delhi, Aug 7 (TIWN) A strong US dollar as well as domestic inflationary concerns are expected to weaken the Indian rupee during the upcoming weekly trade.
A strong US dollar as well as domestic inflationary concerns are expected to weaken the Indian rupee during the upcoming weekly trade.
Besides, Reserve Bank's dollar buying spree is expected to support this trend.
"Rupee is expected to weaken on the back of a strong US dollar and rising inflation concerns," said Sajal Gupta, Head, Forex and Rates at Edelweiss Securities.
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