Analysts see Indian rupee holding steady despite outflows
A Reuters poll of 39 currency analysts suggests the Indian rupee will trade around 95 per dollar over the coming year. While the currency has hit record lows amid foreign investors pulling 21 billion dollars from equities, experts believe central bank intervention will prevent it from reaching the 100 level.
Xurve View
Xurve View
India's rupee will trade at 95 per United States dollar over the next year, according to a Reuters poll of 39 analysts conducted May 4–6. The currency fell 5% so far this year, hitting record lows following the conflict involving Israel and Iran. Investors face a potential breach of the 100-per-dollar level as foreign capital outflows reach $21 billion.
