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16 Jul 2022

INR at historic lows, what it means to Sensex & Nifty?

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INR briefly touched Rs. 80 per dollar levels amid strong demand for USD, sharp FII outflows, and widening trade deficit. Will it push RBI to hike rates sharply to stem further fall in INR? Globally, investors will watch out for US corporate earnings and ECB policy-meeting outcome. ECB is likely to hike rates for the 1st time in the decade to combat high inflation.

author dp
C S S Nikhil Bhargav
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