"Powell is likely to say the pace of hikes could slow, while emphasizing restrictive policy and no quick pivot to cuts." "At Jackson Hole, the Fed is likely to emphasize its commitment to price stability, even at the risk of recession," BofA Securities said in a note. Traders reckon Federal Reserve Chair Jerome Powell's comments on Friday at the central bank symposium in Jackson Hole, Wyoming could push the rupee out its narrow trading range. Higher oil prices tend to hurt the local currency as India is a large importer of crude. The USD to PKR forecast at the end of the month 272.7, change for September 2.4. The INR to USD forecast at the end of the month 1.21, change for November -1.6. Dollar to Rupee forecast for September 2023. A combination of foreign equity inflows and RBI intervention bets have helped the rupee.īrent crude futures climbed almost 4% on Tuesday. Indian Rupee to Dollar forecast for November 2022. You won’t receive this rate when sending money. The rupee has managed to avoid reaching a new record low despite the broader dollar index surging to 109 from 105 in the last two weeks. 1 USD to INR - Convert US Dollars to Indian Rupees Xe Currency Converter Convert Send Charts Alerts 79.82 7385 Indian Rupees 1 INR 0.0125270 USD We use the mid-market rate for our Converter. "Exporters may keep selling (dollars) above 79.90, while importers may buy any good dips (on USD/INR pair) they get." "The range for the day, as RBI ensures to keep the rupee within 80 levels, is 79.70 to 80.00," said Anil Bhansali, head treasury at Finrex Treasury Advisors.
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