💨 Abstract

The Bank of Baroda report predicts an appreciating Indian rupee in the near term, with the currency expected to trade between 84-85 per USD. Factors supporting this view include a weakening US dollar due to a sluggish US economy, lower oil prices, and improved global investor sentiment towards emerging markets. However, escalating US-China trade tensions pose a risk to this outlook.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖