Mumbai: Likely surge in bond yields along with rising COVID-19 cases are expected to weaken the Indian rupee during the upcoming week. Besides,
Mumbai: Likely surge in bond yields along with rising COVID-19 cases are expected to weaken the Indian rupee during the upcoming week. Besides, persistently high energy costs could subdue the rupee bulls. However, re-commencement of FIIs inflows will arrest any major fall in rupee’s value vis-a-vis the US dollar. “Rising trade deficit as well as concerns over US Fed’s taper measures and rising yields can put pressure on rupee in coming year,” said Sajal Gupta, Head, Forex and Rates at Edelweiss Securities. “Crude oil too can play spoil sport if it moves towards the 85 levels.
