SBI warns rupee may breach 96 if war continues
pre-market1 source ↓written by the desknot a recommendation
- if the Iran
- 96 to a dollar
- this fiscal year
- 9%
- may recover
- 91.5-94.5
State Bank of India economists predict the rupee could breach 96 to a dollar if the Iran war persists for another month, having already declined nearly 9% this fiscal year. However, if the conflict resolves soon, the rupee may recover to 91.5-94.5. Remittances are expected to remain unaffected despite the ongoing tensions.
Not investment advice. For informational purposes only.