1. The Indian rupee may depreciate further against the US dollar by December as weakness in other Asian currencies converges with India's fragile external economy and slow industrial recovery.
2. Top currency traders and economists say the probability of the rupee falling to 60 to the US dollar is higher than it moving toward 50, with record foreign fund flows of the last eight months tapering off.
3. If the outflows from equities reverse, the rupee could come under further pressure and some see it falling to 68-70 per dollar by year-end given elections are due in a year and unlikely changes to the business environment.
1. The Indian rupee may depreciate further against the US dollar by December as weakness in other Asian currencies converges with India's fragile external economy and slow industrial recovery.
2. Top currency traders and economists say the probability of the rupee falling to 60 to the US dollar is higher than it moving toward 50, with record foreign fund flows of the last eight months tapering off.
3. If the outflows from equities reverse, the rupee could come under further pressure and some see it falling to 68-70 per dollar by year-end given elections are due in a year and unlikely changes to the business environment.
1. The Indian rupee may depreciate further against the US dollar by December as weakness in other Asian currencies converges with India's fragile external economy and slow industrial recovery.
2. Top currency traders and economists say the probability of the rupee falling to 60 to the US dollar is higher than it moving toward 50, with record foreign fund flows of the last eight months tapering off.
3. If the outflows from equities reverse, the rupee could come under further pressure and some see it falling to 68-70 per dollar by year-end given elections are due in a year and unlikely changes to the business environment.