The Indian rupee is expected to depreciate on Friday amid expectations of weak macroeconomic data from India. CPI year-on-year is expected to drop from 7.01% to 6.78%. Additionally, industrial production is expected to drop from 19.6% to 10.7%. USDINR (August) is likely to trade in a range of 79.70-79.90, according to ICICIDirect. In the previous …
