The Indian rupee is projected for a slight recovery in coming months. Economists anticipate the rupee will rise just above 94 to the dollar. Subsequently, it is expected to weaken to below 95 by year-end. This outlook contrasts with earlier predictions of significant strengthening. Persistent dollar demand and global risks will likely limit gains.
The Indian rupee is projected for a slight recovery in coming months. Economists anticipate the rupee will rise just above 94 to the dollar. Subsequently, it is expected to weaken to below 95 by year-end. This outlook contrasts with earlier predictions of significant strengthening. Persistent dollar demand and global risks will likely limit gains.
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Mumbai: The Indian rupee is expected to recover only marginally in coming months, rising to just above 94 to the dollar by end-September and then weakening to below 95 by the end of December, according to an ET poll of economists.The muted outlook marks a shift from expectations immediately after the Reserve Bank of India announced measures to attract foreign currency inflows, when economists had projected the rupee could strengthen to 92.50-92.75.Any move towards 93 is likely to be brief, sugg…
