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Rupee to fall further against dollar this year to a record low: Poll

The rupee is forecast to weaken to 68.50 a dollar in one month versus 67.73

Reuters  |  Bengaluru 

The rupee is expected to fall further against the US dollar this year to a record low, hit by rising global bond yields and an economic blow from New Delhi's dramatic currency crackdown launched two months ago, a Reuters poll found. The rupee performed a bit better than most of its regional peers in 2016, weakening just over 2 per cent as India's economy, the fastest-growing in Asia, roared ahead for most of the year. But capital outflows intensified toward the end of 2016 after Donald Trump won the US presidential election and Indian Prime Minister Narendra Modi ...

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First Published: Fri, January 06 2017. 16:11 IST