The rupee simply reacted more as it had more catching up to do. When the broader USD sentiment turned around, Rupee was late to react. Despite the recent weakness, the Rupee still continues to remain overvalued in REER terms.Rupee to hit new lows vs USD; Here’s why investors should not worry even after 10% dip
The rupee simply reacted more as it had more catching up to do. When the broader USD sentiment turned around, Rupee was late to react. Despite the recent weakness, the Rupee still continues to remain overvalued in REER terms.
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