This is due to the continued strengthening of the greenback, combined with the weakening of the Chinese yuan, which is expected to keep pressure on the Indian currency.
According to the median forecast of the Business Standard poll, the rupee is expected to be trading at 84.5 per US dollar by the end of December this year.
The Reserve Bank of India (RBI) is expected to be active in the currency market, which will cap the losses.
IDFC First Bank sees the Indian unit touching 85 per dollar during this period.
It settled at 84.41 per dollar on Thursday. The rupee has already depreciated 0.38 per cent against the dollar in November. The domestic currency, which remained largely stable till September, came under pressure following an interest rate cut by the US Federal Reserve, and Donald Trump's resounding win in the US presidential election.
هذه القصة مأخوذة من طبعة November 18, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 18, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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