Rupee may hit new low on trade war, poll concerns
74.484 per dollar – a life-time low rupee hit on October 11
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