Rupee expected to be volatile in NDF market amid escalations between Russia & Ukraine

The Times of India - 19 Kasım 2024

Rupee expected to be volatile in NDF market amid escalations between Russia & Ukraine

The Indian rupee closed at 84.41 per US dollar on Tuesday. Dollar demand from importers and foreign banks pressured the rupee, but RBI intervention limited losses. The offshore market remains volatile due to the Russia-Ukraine war. NDF levels serve as a proxy…

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