Motilal Oswal says that in this month's G20 meeting, Yen rallies as the fading hopes of the US-China Trade Deal and massive street protests in Hong Kong.
The Indian rupee closed at $ 69.51 a dollar on Friday.
Despite the rise in crude oil prices on June 13, the domestic currency closed 16 paise lower at 69.51 against the US dollar.
The other major catalyst for the dollar in the near term is whether the United States and China will renew the trade talks at the G20 summit on June 28-29. Uncertainty on breaks, and Conservative party leadership competition, Pound is under pressure.
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