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Rupee to appreciate in near-term. The US dollar is generally seen as the most powerful currency in the world. However, the greenback is not the strongest of the 180-odd traditional fiat currencies recognised as legal tender worldwide. Check the top 10 strongest currencies in the world. ....
The US dollar was clinging close to a more than one week peak on Friday as a slew of data overnight pointed to a slowing US economy, with investors betting that the Federal Reserve will further pause its interest rate increases. ....
Rupee outlook: Analysts are largely positive about the rupee value. While they believe there may be some intermittent volatility in the US dollar and Indian rupee (USDINR) pair according to the economic indicators, the overall outlook is positive. ....