Rupee stabilisation expected after 4% decline this year
pre-market1 source ↓written by the desknot a recommendation
- rupee has declined
- 4% this year
- record lows
- 89.4950
The Indian rupee has declined 4% this year, trading near record lows at 89.4950. Union Bank of India suggests that the recent weakness is unlikely to lead to sharp further declines, as easing inflation and GST reforms provide some relief. Traders are now focused on the potential India–US trade agreement for future direction.
Not investment advice. For informational purposes only.