 "Copper producers face uneven playing field")
Indian rupee has started its downward spiraling against US dollar, thanks to a jump in crude oil prices. US President Donald Trump’s decision not to extend the waiver for Iran means more tightening to already tight crude oil supply. Strong dollar is also not helping our case as the Dollar index (DXY) has surpassed May 2017 high. High US Treasury yield and interest rate disparity between the US and Europe has made investors flock to accumulate US dollar.
Back home, the RBI has successfully concluded dollar/rupee swap and we have seen intervention whenever our currency depreciates. In May future
Back home, the RBI has successfully concluded dollar/rupee swap and we have seen intervention whenever our currency depreciates. In May future
