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Despite an optimistic forecast, Goldman Sachs suggested that the Indian currency may lag behind its Asian counterparts due to the RBI's active stance in managing inflows. Read to find out what the global brokerage said about the INR's run in 2024.
Global equity markets have ended the year 2023 on a higher note. Major global equity benchmarks have given double-digit returns
Indian rupee climbed to a one-month high of 82.2225 against US dollar on Tuesday morning and then appreciated further to trade below 82/$. Importers were also seen hedging further
On the back of the strong greenback, stubborn offloading of risker assets by overseas investors, and fear of global recession amidst inflationary pressure, monetary policy tightening, and geopolitical tensions - the rupee has stayed vulnerable against the American currency.