Rupee Updates: Even as merchandise exports are expected to remain under pressure due to a slowing global economy, imports are also likely to cool off from here on as crude prices come down amid concerns of a weak global demand along with lower gold imports, says Sujan Hajra, Chief Economist and Executive Director at Anand Rathi Shares and Stock Brokers.
On the back of the strong greenback, stubborn offloading of risker assets by overseas investors, and fear of global recession amidst inflationary pressure, monetary policy tightening, and geopolitical tensions - the rupee has stayed vulnerable against the American currency.