MUMBAI (Commoditiescontrol) - Indian rupee last week settled around 69.90 against the dollar.
Rupee revered towards the weekend on reports that the US is expected to remove India from its currency manipulation watch list.
However, rising crude oil prices, US-China trade standoff, tensions in middle east, sustained outflows of FIIs and sell –off in the equity markets may keep rupee under pressure ahead of May 23 lok sabha results.
Rupee may retest 70.20-70.30 going forward.
(By Commoditiescontrol Bureau)
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