USDINR Spot Oulook - Rupeedesk Reports - 12.07.2022
USDINR Spot Oulook - Rupeedesk Reports - 12.07.2022
RBI has taken steps that could ease the pressure on the rupee country’s deficit. However, so far the positive impact of the same hasn’t yet been translated into the USDINR pair given by overpowering glooms and risk-averse environment globally. Investors now await India’s June CPI release which is expected to be a tad bit lower than May at 7.03%. Moreover, the given fundamentals shall likely sustain its pressure on the rupee keeping the upside open well in place. As the pair breaks its crucial 79.56 levels, it is little far from the next big figure of 80.25 levels that could be seen in the short run. But Cautious approach Required
USDINR Spot Oulook - Rupeedesk Reports - 12.07.2022
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