Falling crude oil may strengthen rupee further

Rupee may extend rally next year while lower costs of energy would reduce strain on the economy, a Bloomberg report said

67 per dollar – rupee may appreciate by March 2020 if crude remains at $60 a barrel

70-72 per dollar – rupee may hover in case crude rises to $70 per barrel

1.8% – rupee appreciates when exports tend to outperform imports

7.7% – service sector growth seen in this fiscal

7.5% – industrial growth expected to rise this fiscal

5.5% – industrial growth in fiscal 2018

2.6% – inflation expected to slow in second half of this fiscal