Rupee may hit new low on trade war, poll concerns

The currency may remain bearish over medium term due to political uncertainty ahead of elections and escalating international trade war tensions, a Reuters poll showed

1/5th – of respondents expect rupee to hit a new record low

74.484 per dollar – a life-time low rupee hit on October 11

72.50/$ – foreign strategists expect the level over next 12 months

63.80/$ – rupee's level at the start of the year

16% – drop in the currency this year so far

The Indian rupee reflects emerging market concerns and is facing significant depreciation pressure,” 
Tuuli McCully, head of Asia-Pacific economics at Scotiabank