rupee vs dollar: Rupee fairly valued, may reach new lows, aligning with other peer group currencies: Mahendra Kumar Jajoo

by pulseadmin February 7, 2025, 6:11 am 180 Views

Mahendra Kumar Jajoo, Head-Fixed Income, Mirae Asset Investment, says the rupee is currently valued at 87-87.5 which he considers fair value and may reach new lows, aligning with other currencies. Downward pressure is due to selling by foreign institutional investors (FIIs). However, as March…