The Impending Rise of Dollar

The Impending Rise of Dollar

The DXY is hovering around 108.94. Its recent high stands at 109.29.

USD INR is hovering around 79.87. So where are we headed on the currency.

The Dollar Index is strong and INR is likely to weaken in months ahead. Rising Interest rate scenario has not peaked out yet . The key level on USD INR to watch is 81.30 and beyond it we are directionally headed towards 85.

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