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.
この記事は Business Standard の November 18, 2024 版に掲載されています。
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この記事は Business Standard の November 18, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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