You are here: Home » Reuters » News
Business Standard

Rupee to trade near record low over coming year; trade anxiety weighs: Reuters poll

Reuters  |  BENGALURU 

By Shrutee Sarkar and Manjul PaulBENGALURU (Reuters) - India's battered rupee will trade in a tight range in the coming year but not far from its historic low, hampered by higher oil prices and as trade tensions hurt emerging markets, a Reuters poll found.The Indian currency has lost over 7 percent this year, with worries over the U.S.-China trade conflict pushing it to a new record low of 69.122 against the dollar in July, making it the worst performing Asian currency.Taken after the Reserve Bank of India hiked rates to a two-year high on Aug. 1, the latest poll of about 40 foreign exchange ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, August 10 2018. 11:08 IST