Rupee likely to strengthen towards 79 by end-FY24: UBS Securities https://ift.tt/VJRrod1 current account deficit will help the Indian rupee appreciate against the US dollar to around 79 by the second half of the current fiscal year, according to Tanvee Gupta Jain, the chief India economist at UBS Securities. While expecting the rupee to be volatile in the short term, Jain sees the local unit gain towards 79 against the greenback by the end of FY24, thanks to a narrowing CAD and weaker dollar volatility index. The agency estimates crude prices to average $80/barrel in FY24, down from $95 a barrel in FY23.
Tuesday, April 4, 2023
Rupee likely to strengthen towards 79 by end-FY24: UBS Securities
Subscribe to:
Post Comments (Atom)
-
Jeffersonville, OH - Join our 100% Owner Operator Fleet today! If you're tired of uncertain work, if fuel prices are killing your profit...
-
Rising Career Solution - Delhi - Walking interview & same day joining Urgent hiring for Credit Card Sales Vacancies- 300+ Payroll of Ind...
-
Genesis HealthCare - Florence, KY - Offering $2000 Sign On Bonuses for Full Time LPNs! Now Under New Leadership! Now offering OnShift! Acces...
No comments:
Post a Comment