Worst of rupee volatility seen over as Fed view softens: BS poll

Rupee likely at 81.68 by December-end, largely stable at 81.75 by March-end

Following a month-and-a-half of intense volatility that saw the rupee descend to new lows, the domestic currency is finally seen stabilising as a softer US inflation print has taken the sheen off the dollar.

According to the median of a Business Standard poll comprising 10 respondents, the rupee is seen at 81.68 per US dollar at the end of December, around 0.5 per cent weaker than 81.26 per dollar at close on Monday.

The poll pegged the rupee at 81.75 per dollar at the end of March, close to the levels predicted for the end of December.

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