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Rupee to trade in range of 84-85/USD; US-China trade tensions remain a risk
May 04, 2025
|The Business Guardian
The Indian rupee is likely to trade with an appreciating bias in the near term, supported by a mix of favorable domestic and global factors, according to a recent report by Bank of Baroda.
The report expects the rupee to move in the range of 84-85 per US dollar in the coming days.
It said, "We expect INR to trade with an appreciating bias in the near-term in the range of 84-85/USD. However, escalation in US-China trade relations poses a significant risk to our view."
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