Indian Rupee Faces Pressure Near Record Lows
The Indian rupee is expected to languish near record lows over the coming months as capital outflows persist. Despite heavy intervention by the Reserve Bank of India, global market pressures continue to weigh on the currency.
The India rupee is expected to trade near record lows over the next three to six months as capital outflows pressure the currency. The Reserve Bank of India faces persistent selling despite heavy intervention in foreign exchange markets. The currency has fallen nearly 7% against the dollar so far this year.
