Depreciating rupee a mixed bag for industry, software cos set to gain
Updated: 17 Jul 2022, 02:39 PM IST
TL;DR.The rupee, which has been depreciating against the greenback, is near the psychological barrier of 80 to a dollar and is likely to remain subdued with the Federal Reserve working overtime to contain inflation, which is at a historical high, in the US.
FILE PHOTO: A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu, November 15, 2016. REUTERS/Mukesh Gupta