![]() Do visit its castles and parks when here. HungaryĪnother landlocked country, Hungary is popular for its architecture and its culture that has influences from Roman, Turkish and other cultures. Not to forget, do experience the Northern Lights.ġ Indian Rupee = 1.73 Icelandic Krona 7. Iceland is known for its blue lagoons, waterfalls, glaciers and black sand beaches. This island nation is one of the most beautiful places on earth and should be on your travel wishlist to escape the heat this summer. The author, Anuj Choudhary is Research Analyst at Sharekhan by BNP Paribasĭisclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.1 Indian Rupee = 1.60 Nepalese Rupee 6. The USD/INR current market price (Spot) is ₹82.83. ![]() In 2023, we expect Rupee to trade in the rage of 80-85per dollar with further weakness possible in the first half of year. The US Federal Reserve may take its foot off the rate hike pedal in the later part of 2023 as there could be visible evidence of inflation falling towards their target of 2%. Current account deficit and trade deficit. If commodity prices continue to remain under check, then we may see some narrowing in the ballooning twin deficits i.e. It is to be noted that over the past couple of months we have seen inflation cooling down in most of the advanced economies, driven partly by easing of crude oil and other commodity prices. Since India is expected to grow at the fastest pace, the second half of 2023 may be positive for the domestic currency. India’s GDP is forecast to expand by 6.8% in 2023. Also read: Eight key factors that moved stock market in 2022Īlthough outlook for the Indian currency looks weak in the near-term, we do not expect sharp downside extending for a prolonged period as India is expected to remain as the best performing major economy which may be supportive for Rupee at lower levels.
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