Rupee may breach 83/USD level this week on rising oil prices, hawkish Fed stance
NEW DELHI: Indian rupee is soon expected to breach the 83 per US dollar mark on account of rising oil prices and the US Federal Reserve’s hawkish stance on future key interest rate hikes. “The rupee hit fresh record lows on rising oil prices, if the oil again jumps above USD 100 per barrel it will surely ring alarms and further stress the deficits and the rupee.
