Currency: The Indian rupee will continue to fall in the coming months : Orishas-finance

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Currency: The Indian rupee will continue to fall in the coming months

05/04/2023

Source : ORISHAS FINANCE

Categories: Economy/Forex

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Currency: The Indian rupee will continue to fall in the coming months

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A survey of foreign exchange strategists conducted by Reuters mentions that the Indian rupee will continue to fall in the coming months and is expected to return to around its current level in 12 months.

The rupee traded in a range of 80.88 to 82.95 per dollar this year and was just above 82.10 on Tuesday, after falling more than 10% in 2022. Investors hope it stays within this range over the forecast period. The partially convertible rupee, which has depreciated in nine of the last ten years, hit a historic low of 83.26 last October, forcing the RBI to step in.

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