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FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ »  India’s currency is under pressure — and analysts say the rupee could test new lows

India’s currency is under pressure — and analysts say the rupee could test new lows

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ResearchMan

ResearchMan
Manager - Equity Analytics
Manager - Equity Analytics

https://www.cnbc.com/2022/08/04/indian-rupee-weakness-hitting-fresh-lows-amid-global-headwinds-.html

KEY POINTS
  • The Indian rupee has come under intense selling pressure in recent weeks due to a perfect storm of global headwinds which analysts say will continue to pummel the currency in the months ahead.

  • It has already tested record lows falling more than 80 to the dollar level twice in July, only recovering after the Reserve Bank of India stepped in to stem the slide.

  • Finance Minister Nirmala Sitharaman attributed the rupee’s depreciation to external reasons, in a written statement to parliament recently.

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FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ »  India’s currency is under pressure — and analysts say the rupee could test new lows

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