During March the Indian rupee plunged to a new record low against the US dollar from 72.170 to 75.590. Analysts at MUFG Bank believe the Asian currency will stay pressure in coming weeks. Key quotes “The rupee is likely to stay pressured through Q2 from accelerating capital outflows amid an escalation in the outbreak in India and other countries outside China.” “The RBI’s ‘whatever it takes’ approach during this crisis would ensure further easing down the line, including unconventional tools as stated by RBI Governor Das.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold: Dark clouds over the economy attract investors – ANZ FX Street 2 years During March the Indian rupee plunged to a new record low against the US dollar from 72.170 to 75.590. Analysts at MUFG Bank believe the Asian currency will stay pressure in coming weeks. Key quotes “The rupee is likely to stay pressured through Q2 from accelerating capital outflows amid an escalation in the outbreak in India and other countries outside China.” “The RBI’s ‘whatever it takes’ approach during this crisis would ensure further easing down the line, including unconventional tools as stated by RBI Governor Das.” Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
