Big dollar inflows, little boost for rupee: Why the currency may stay near Rs 96 in near term
Where is rupee headed in near term? After suffering multiple lows over the year, rupee may now see some stability against the US dollar. The currency is likely to remain in the Rs 94.5-96 per dollar range in the near term, despite sizeable dollar inflows through FCNR deposits and external commercial borrowings (ECBs), according to…
