Rupee low against dollar will stabilize at 58 in a month

Notwithstanding the rupee trading near its life-time lows, the local currency is likely to stabilise around 57-58 levels against the dollar in the next one month, according to experts. Analysts said the Reserve Bank of India could turn more cautious about cutting interest rates at its policy review on June 17, potentially reducing confidence in the country’s economic outlook. All the investments made in India are not affected, as in the case of income, expenses and liabilities.

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