techonology weak us dollar low crude oil prices may fuel 8 10 rally in nifty 50 elara capital

Weak Us Dollar, Low Crude Oil Prices May Fuel 8-10% Rally In Nifty 50: Elara Capital

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US Dollar Index has declined 10% YTD and currently stands around 96.70 - its lowest in over three years. Elara Capital expects the DXY to remain in the 95-99 range over the next two quarters, with an average of 100 for CY25, sharply lower than the 105 projected earlier this year.