The Indian rupee is likely to depreciate amid strong dollar, risk aversion in global markets. Asian currencies are taking a hit from dollar’s strength. USDINR pair is expected to consolidate in the range of 80.10 to 79.60 in the near term, according to analysts. In the previous session, rupee declined against the US dollar amid a lacklustre trend in domestic equities. At the interbank foreign exchange market, the local opened at 79.80, and it settled at 79.80 against the greenback, down 2 paise over its previous close. The finance ministry will hold a meeting on Wednesday with all stakeholders, including …
