Axis Bank says rupee may need further weakening
Axis Bank said the rupee may need to depreciate further to adjust to sustained terms-of-trade trade shocks, citing a drop in the trade-weighted real effective exchange rate (REER) to 91.75.
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Axis Bank said the rupee may need to depreciate further to adjust to sustained terms-of-trade trade shocks, citing a drop in the trade-weighted real effective exchange rate (REER) to 91.75.