 "Rupee seen a winner in US-China trade thaw, but gains may be slow")
The rupee opened 19 paise higher at 68.64 against the US dollar on Friday. The domestic unit on Wednesday recovered by 13 paise to close at 68.83 amid sustained buying by foreign investors in domestic equity markets and lower crude prices.
In its currency themetic report, ICICI Securities noted that the currency will remain strong as most of the headwinds have started to ebb.
The domestic debt and equity markets witnessed huge outflows of more than $6 billion (combined) in CY18 on the back of factors like hawkish major central banks (Federal Reserve), elevated global yields, rising crude oil prices (negative for
