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News 2026-10-01 11:11 UTC

Kotak Securities: Rupee may weaken to 97, slide to 98.5-99

The Indian rupee could weaken towards 97 against the US dollar in the near term and may fall further to 98.5-99 if the 97 level is breached, according to Anindya Banerjee, Head of Research, Currency, Commodity and Interest Rate Derivatives at Kotak Securities.