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HONG KONG, May 24, 2023 /PRNewswire/ Futu Holdings Limited , a. | May 24, 2023
Weakness in the Indian Rupee continued even on Monday as the INR traded at a 9-month low against the US Dollar (USD). The rupee remained under pressure following the weakness in the domestic indices, Motilal Oswal said in its report. The downward trend was triggered by the Reserve Bank of India Monetary Policy announcement, it further said.
What this means for currency traders and also how weakening rupee would impact the overall situation for commodities? Expert Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities gives useful insights. Take a look!
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