Oil prices to influence rupee post April 10, says Kotak
market hours1 source ↓written by the desknot a recommendation
- dollar positions
- 10 April
Anindya Banerjee from Kotak Securities indicates that RBI's curbs are currently impacting USD/INR as banks unwind dollar positions until 10 April. After this date, the rupee's trajectory will be primarily influenced by oil prices, with the ongoing energy shock being a significant factor in currency fluctuations.
Not investment advice. For informational purposes only.