Rupee could bounce to 88/$ on trade deal, slip to 90.5 with delay
The Economic Timesยท2025-11-23 23:59
Economists expect the rupee to appreciate by 100-150 paise from current levels to 88/$1 in the event of a positive trade deal, while further delay could push the currency towards 90 to 90.5 This week is expected to be volatile, with the rupee likely to trade in the 89-90 per dollar range, reflecting the immediate market reaction after the currency breached the psychological 89 level, unless the central bank again steps in to defend the 89.49 mark. "The narrow range seen in the past month has been broken on ...