Share Market Monthly Currencies Fundamental Report

Monthly Currencies Fundamental Report – September, 2023

12 September 20231 min read by Angel One

USDINR: The first half of Aug 2023 saw Rupee appreciating towards 82.30 levels on account of huge influx of IPO related funds into the system. The Reserve Bank of India was seen selling dollars to prevent the rupee from weakening below what is regarded a highly important level. Also, in its recent policy the RBI paused on the policy rate for the third consecutive time in its bi-monthly monetary policy meeting.

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Monthly Currencies Fundamental Report – September, 2023

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