IPO fund outflow, commodity prices to keep rupee subdued ...Middle East

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IPO fund outflow, commodity prices to keep rupee subdued
Mumbai: The expected outflow of IPO monies to foreign venture capitalists will impact rupee’s position via-a-vis USD in the coming week. Besides, high imported commodity prices is expected to subdue the Indian rupee against the US dollar. “Expect rupee to depreciate in the coming week due to Zomato outflows and other IPO money going back,” […] The post IPO fund outflow, commodity prices to keep rupee subdued appeared first on Ommcom News.

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