Lower oil prices to counter Omicron fears; yet rupee to remain subdued

Concerns over new Covid-19 variant Omicron, as well as continued foreign fund outflows, will keep Indian rupee subdued during the upcoming week. Rising trade deficit along with fears of US tapering measures are likely to hamper any appreciation move. However, the downside will be capped by lower oil prices. https://ift.tt/3Dq6jU6