Rupee Expected to Fall to 85 Amid Strong Dollar and Slowing Economy

The Indian rupee is expected to weaken further against the US dollar, potentially reaching 85.

Currency experts suggest that the USDINR pair will continue to trend upwards, with the rupee needing to depreciate around 27-30 paise to reach the 85 mark.

Recent data shows that the Dollar Index, which measures the strength of the dollar against a basket of six currencies, has increased by approximately 3 percent in the past month and is currently trading at 106.26.

This strengthening of the dollar is attributed to the resilience of the US economy, which is expected to continue influencing currency markets in the future.

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