With rising inflations in US economy it looks very imminent that US Dollar trading close to 80 Indian Rupees, and given that all the development.
The dollar continued its gains against the rupee, which is now trading at an all-time low without any respite. This week there was further weakness in the stock market. Higher-than-expected US inflation data acted as a catalyst for the decline.
While Nifty and Bank Nifty closed the week in the red, other sectoral indices closed on a positive note. Energy, Auto, Realty, FMCG etc closed with good gains.