Indian rupee may stabilise in 2021, to stay weak in near-term: Reuters Poll

After giving up over 7% since the start of the year, the rupee fell to a record low of 76.42 to the dollar on Wednesday

The Indian rupee will probably cut some of its losses against the dollar in the next year, according to strategists polled by Reuters, but it's likely to stay weak with other emerging-market currencies until the coronavirus pandemic subsides.

The rupee's path will largely depend on how successful the Indian government's steps are in containing the spread of COVID-19 in a country of more than 1.3 billion people, the second-most-populous in the world.

Prime Minister Narendra Modi has ordered a 21-day national lockdown, which began on March 25. But the government's fiscal response so far has been modest compared with other