![The US economy’s slowdown could help the rupee.](https://market-tracker.in/wp-content/uploads/2023/01/rupee-gfaa4abe61_1280-1.jpg)
The US economy’s slowdown could help the rupee.
During the week ending August 16, the Indian rupee saw little change, finishing at 83.95 with little variation. There was modest support for the rupee due to the US recession fears abating, carry trade unwinding slowing down, and oil prices easing. Pressure was applied, though, in part because of a larger trade imbalance in July…