• Rupee May Fall To 70 Against US Dollar In Week Ahead, Say Bankers

    Rupee May Fall To 70 Against US Dollar In Week Ahead, Say Bankers

    Published Date : 09-Jul-2018 12:36:59 IST

    Continued strengthening of the US dollar, lack of foreign investment inflows and concerns over rising oil prices are likely to keep the rupee under pressure and push it down to the 70 mark against the US dollar during the week starting July 9, said bankers. The level of 69.30 against the greenback remains crucial for the rupee, which, if breached, could further plumb down to the 70 mark against the dollar, they added.

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