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Currency

Rupee at 73.5 per dollar: Will it appreciate or depreciate?

Updated : September 22, 2020 01:23 PM IST

Currently, at 73.50 we are standing in the middle of the rupee scale having equal reasons to appreciate and depreciate
The broader medium-term trend for the rupee remains on the stronger side, but the pair can surprise with a turn in the next 10-15 sessions
For new orders, one shall not get complacent and begin selling in tranches between 73.60-74.20 levels.
Rupee at 73.5 per dollar: Will it appreciate or depreciate?

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