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Rupee may drop to 90 vs dollar by Dec-end, regain by Mar: BS Poll

Possible US trade deal may help lift Indian currency, say experts

rupee forecast, usd inr, trade deal, indian currency, forex market, rbi, business standard poll
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Anjali KumariAnupreksha Jain Mumbai

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After declining almost 4.5 per cent this year, the rupee is expected to touch 90 a dollar in the coming weeks before regaining some ground to settle around 88.50 by the end of December on the back of a possible trade deal with the United States (US), according to a Business Standard poll of nine respondents.
 
The rupee on Friday fell 0.9 per cent — the second-steepest fall of the year — on delay over the much-awaited trade deal and hopes of a rate cut by the US Federal Reserve diminishing. It settled at 89.49.
 
The rupee on Friday was