Geo-political tensions, FPIs pulling out money from Indian equities could keep the currency under pressure

The support at 64.30 has held well for the rupee and the currency has strengthened from 64.32 in the past week. The rupee tested the psychological 64 level on Monday and reversed lower from there to close at 64.14.Increasing political uncertainty in the US capped the strength in the dollar and helped the rupee gain in the past week. But two key factors might limit the rupee’s strength in the ...