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Rupee seen weakening to 97 per dollar by FY27 end amid global risks: BMI
The Indian rupee is expected to weaken further against the US dollar over the next two fiscal years, pressured by elevated energy prices, global risk aversion and less favourable interest-rate differentials, while government measures to attract foreign capital should help contain the pace of depreciation, BMI, a Fitch Solutions Company, said. BMI expects the rupee…