UPSCSSCBANKINGSTATE-PSC
Rupee's potential fall below 90 against USD highlights the importance of US trade deal.
Summary
Experts predict the Indian Rupee may depreciate beyond 90 against the US dollar due to a widening trade deficit and sluggish investment. The article emphasizes the critical need for a trade agreement with the US to stabilize the currency.
Key Points
- The Indian Rupee is facing downward pressure.
- Experts forecast the Rupee could fall below 90 against the US dollar.
- The trade deficit and investment climate are contributing factors.
- A trade pact with the US is considered urgent.
Full Article
The Indian rupee is under pressure and could soon slip below the 90 threshold against the dollar. This forecast stems from a burgeoning trade deficit and lukewarm investment climate. The urgency for a trade pact with the US is more pronounced than ever.
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