Rupee may test 84 going into December as global economic slowdown fears loom, says Amit Sajeja of Motilal Oswal
Looking ahead, we expect USDINR to stay in a tight band between 81-83 levels over the next quarter. However, growing signs of a slowdown in major global economies could put the domestic currency under pressure going into December. This could prompt a jump higher towards 84.10-84.50 range during the period before it eventually settles around 81-82 band by March 2024.
