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Posted 9/7/2023, 1:11:00 AM

Indian rupee to stay weak, third of analysts expect new low within a year: Reuters poll

Indian rupee expected to stay weak and close to historic low over the next 6-12 months according to Reuters poll of analysts.
Over a third of analysts forecast the rupee will reach a new low vs the dollar within a year.
RBI has been intervening to limit rupee depreciation, burning through $14 billion in FX reserves in August.
Inflation expected to remain above RBI's target range until October, putting pressure on rupee.
Analyst forecasts show modest rupee gains in coming months but still remaining near historic lows.

reuters.com

Relevant topic timeline:

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