Rupee expected to further weaken vs dollar in coming months
Mint Ahmedabad|January 03, 2025
The rupee is expected to further weaken in the coming months as Trump's presidency strengthens the dollar, at least in the near term, experts said, adding that the central bank's interventions in the currency market are likely to ease.
Shayan Ghosh

In 2024, the local currency lost 2.9%, but the depreciation was lower than some of the other Asian currencies. According to Bloomberg data, the yuan lost 3% during the same period.

Experts said the lower depreciation so far when compared to other currencies is also a reason why there is room for more correction. While some see the rupee touching the 87-levels in the next three to four months, others see it holding its own after 86.2. On Thursday, it closed at 85.75.

"There is a pending depreciation pressure visible on the rupee and that is seen in the REER overvaluation of around 8%," said Kanika Pasricha, chief economic advisor, Union Bank of India. "...we have depreciated in the recent dollar index spike relatively less compared to our trade partners."

Esta historia es de la edición January 03, 2025 de Mint Ahmedabad.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición January 03, 2025 de Mint Ahmedabad.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE MINT AHMEDABADVer todo
Mint Ahmedabad

Adecco Announces Expansion of GCC

Adecco India, a subsidiary of the global Fortune 500 company Adecco Group, has announced the expansion of its global capability centre (GCC) in Bengaluru, with a blueprint to grow its workforce to 2,500-plus by the year end.

time-read
1 min  |
January 21, 2025
Mint Ahmedabad

High on hype: Is it still the rise of CBD products in India?

CBD products may be everywhere in India, but premium pricing and stigma continue to impact their acceptance

time-read
2 minutos  |
January 21, 2025
Mint Ahmedabad

Billionaire wealth grew 3x faster in '24

Billionaire wealth across the globe surged by $2 trillion in 2024 to $15 trillion at a rate three times faster than the previous year, a study showed on Monday.

time-read
1 min  |
January 21, 2025
Mint Ahmedabad

Re-imagine the National Green Tribunal for superior outcomes

The NGT should be legislatively re-equipped to champion environmental justice while promoting sustainable development

time-read
4 minutos  |
January 21, 2025
Mint Ahmedabad

Regional OTTs to bolster original slate

Regional content streaming platforms are looking at 2025 as a time to strengthen their slate even as some bigger, foreign over-the-top or OTT services are slowing down original content production as pressures on margins build.

time-read
1 min  |
January 21, 2025
Mint Ahmedabad

LTIMindtree's global markets head quits

Chaturvedi's resignation follows that of former chief financial officer Vinit Teredesai in April 2024

time-read
1 min  |
January 21, 2025
Mint Ahmedabad

Kalyan Jewellers' stock rebounds

Shares of Kalyan Jewellers India Ltd rebounded on Monday after Motilal Oswal Asset Management Co. denied social media speculation linked to its investment in the firm.

time-read
1 min  |
January 21, 2025
Mint Ahmedabad

Hindenburg Denies SEC Investigation

U.S.-based short-seller Hindenburg Research has said that it is not under investigation by the market regulator US Securities and Exchange Commission (SEC) as it rubbished alleged links of its founder to a hedge fund for preparing reports targeting companies.

time-read
1 min  |
January 21, 2025
Mint Ahmedabad

India's Credit Guarantee Scheme for Startups Holds High Potential

It provides much needed collateral-free loans at a time when risk capital has been slowing down

time-read
3 minutos  |
January 21, 2025
Mint Ahmedabad

Women, skip the bro-split and try the flow-split

Exercise plans aligned to menstrual cycles can be effective for women

time-read
2 minutos  |
January 21, 2025