USD to stay strong until next month; rupee at 70.3 in July-September: Report
The US dollar is expected to remain bullish until middle of next month, and equity and bond outflows from emerging markets are also likely to stay strong, says a Morgan Stanley report
A report said that oil prices are expected to fall as global oil supply increases and this should provide a "tailwind for rupee and moderate the RBI's concern about inflation accelerating". Image source: Reuters