The rupee has stabilised over the past week or so, but it remains very close to an all-time low against the US dollar. With sentiment towards EMs unlikely to improve dramatically any time soon, we have revised our forecasts. We now think that the rupee will weaken a little further from 70/$ to 72/$ by the end of 2018, and to 75/$ by the end of 2019.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.