On Tuesday, the rupee had settled at 79.78 against the American currency."The Indian rupee depreciated on overall strength in the US Dollar and concerns over global economic recovery. IMF cuts India's FY23 GDP forecast to 7.4 per cent from 8.2 per cent in the previous estimates, which also weighed on Rupee," said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas. | Subscribe To Our Free Newsletter |
