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Tough road ahead for bruised rupee amid trade war, political risks: Poll

The rupee hit 74 on the dollar on Wednesday after TV channels reported RBI Governor Urjit Patel may resign due to the spat with the govt

Shrutee Sarkar | Reuters  |  Bengaluru 

There will be little respite for the bruised Indian rupee over the coming year, depressed by an escalating US-China trade war and rising domestic political risks ahead of a general election, a Reuters poll showed. Investors have generally shunned emerging-market assets this year, made riskier by the international trade tensions and the increasing attractiveness of dollar yields, thanks to the US Federal Reserve's steady pace of rate increases. That, and a widening current account deficit due to higher global crude oil prices and capital outflows, has pushed the rupee down ...

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First Published: Thu, November 01 2018. 08:37 IST