Indian rupee may continue to remain weak in near term: Experts

Experts opine that a weaker rupee raises the cost of imports and may result in higher inflation rates, the recent drop of the Indian rupee vs the US dollar has important ramifications for the Indian economy.

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The recent record low of the rupee against the US dollar is largely driven by a combination of global and domestic factors. Initially, uncertainties surrounding global events, such as the Trump election, significantly impacted the currency. However, the focus has now shifted to domestic factors, particularly India's GDP performance, which has become a key driver. The weakness in the Indian rupee is expected to persist, and there could be a possibility