Following a month-and-a-half of intense volatility that saw the rupee descend to new lows, the domestic currency is finally seen stabilising as a softer US inflation print has taken the sheen off the dollar.
According to the median of a Business Standard poll comprising 10 respondents, the rupee is seen at 81.68 per US dollar at the end of December, around 0.5 per cent weaker than 81.26 per dollar at close on Monday.
The poll pegged the rupee at 81.75 per dollar at the end of March, close to the levels predicted for the end of December.
The mode of the poll pegged the rupee at 81 per dollar at the end of the calendar year, and 82 per dollar at the end of the financial year.
This story is from the November 15, 2022 edition of Business Standard.
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This story is from the November 15, 2022 edition of Business Standard.
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