Rupee hits lifetime low at 76.96 versus USD; analyst sees target of 78, recommends BUY in USDINR futures
Ongoing Russia-Ukraine conflict has had a detrimental impact on the Indian Rupee and the situation is likely to aggravate from here, expert Anuj Gupta, opines. He sees a further weakness in the INR against the green back and expects rupee to hit Rs 78 versus the US Dollar. The view is for the month of March
The benchmark 10-year bond yield was trading at 6.86%, up 5 basis points on the day. Source: Pixabay