Rupee depreciates on strong dollar, rising crude prices
Volatility of Ruppes could remain low as no major economic data is expected to be released from the US
Indian rupee opened 10 paise lower at 82.59 per dollar on Thursday against the previous close of 82.49
investors will closely watch initial jobless claims data from the US
The US$INR is likely to trade towards 82.80 levels
According to ICICIdirect. In the previous session, rupee volatility remained low even after the RBI raised rates
RBI raised rates by 25 bps and kept its policy focused
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on withdrawal of accomodative stance
Retail inflation is projected to be at 6.5% for FY23 from the previous estimate of 6.7%