Rupee likely to maintain downward drift, RBI counted on to cap losses

Quick Summary:

The one-month non-deliverable forward indicated that the rupee may open near 84.

The greenback has "has gained some upside momentum as markets await the US CPI data later today," MUFG Bank said in a note.

Malhotra has been appointed as RBI governor for three years starting Wednesday after the six-year term of outgoing governor Shaktikanta Das ended on Dec.10.

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Category: BusinessFinance

Markets: India

Topics: Rupee Reserve Bank of India Dollar RBI Indian currency Indian rupee

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Published On: 2024-12-11 @ 09:14:14 (2 weeks ago)

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