ANZ forecasts rupee at 97.5 by year-end amid pressures
pre-market1 source ↓written by the desknot a recommendation
- soon
- 100 per dollar
- due to widening
- 97.5
The Reserve Bank of India is unlikely to let the rupee weaken to 100 per dollar soon, according to ANZ Research. The rupee is expected to end the year at 97.5 due to widening current account pressures and weak capital flows. Elevated crude oil prices and global uncertainties continue to impact the currency's stability.
Not investment advice. For informational purposes only.