Sushil Finance expects Indian Rupee to trade on negative note on the back of rise in risk aversion in the domestic markets coupled with strength in DX.
''Further, weak economic data from the country may act as a negative factor for the currency. Additionally, tension in Ukraine may add downside pressure on the Indian Rupee. Apart from that, dollar demand from importers may act as an undesirable factor,'' it added.
''However, Strong foreign fund inflows may cap sharp depreciation in the Indian Rupee. Inventors will remain cautious ahead of Elections.''
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