The rupee closed at 84.74 against the US dollar, its lifetime closing low, down from 84.6850 in the previous session. The rupee was unable to benefit from gains in most of its Asian peers, including the offshore Chinese yuan which rose 0.2% to 7.28 after hitting a one-year low on Tuesday.
At this point, "USD/INR is a buy on any dips," a trader at a large private bank said. "There is only one direction of travel right now, but the speed depends on how stiffly the Reserve Bank of India will act," the trader said.
Diese Geschichte stammt aus der December 05, 2024-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der December 05, 2024-Ausgabe von Financial Express Mumbai.
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