Rupee depreciates on strong dollar, rising crude prices

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Volatility of Ruppes could remain low as no major economic data is expected to be released from the US

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Indian rupee opened 10 paise lower at 82.59 per dollar on Thursday against the previous close of 82.49

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investors will closely watch initial jobless claims data from the US

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The US$INR is likely to trade towards 82.80 levels

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According to ICICIdirect. In the previous session, rupee volatility remained low even after the RBI raised rates

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RBI raised rates by 25 bps and kept its policy focused

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on withdrawal of accomodative stance

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Retail inflation is projected to be at 6.5% for FY23 from the previous estimate of 6.7%

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