News > Rupee to slip on expensive crude oil, FII funds' outflow

Rupee to slip on expensive crude oil, FII funds' outflow

The Free Press Journal | 23/01/2022 03:50 PM | Click to read full article

Rising global crude oil prices along with FIIs fund outflow from the equity market will weaken the Indian rupee during the upcoming week. The rupee is expected to trade with a weak bias up to 75 to US$ in the coming week.

Sajal Gupta, Head, Forex and Rates at Edelweiss Securities stated that rising crude and trade deficit has been keeping the currency under pressure and even FPI outflows have been a constant pressure on the rupee.

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