Rupee set to hold ground against greenback till Dec: Business Standard Poll

The Reserve Bank of India's timely intervention has ensured that the depreciation of the currency is gradual

After depreciating 0.32 per cent against the dollar in October so far, the rupee is expected to hold ground against the greenback in the current quarter on the back of robust inflows.

According to the median of a Business Standard poll of 10 respondents, the rupee is seen trading around 84 per dollar till the end of December.
 

 “In India’s case, at least the bond and cash related inflows will continue. It balances out the other factors and the current account remains fairly benign in our view. We believe the current account is less than 1 per