USD/INR: Rupee likely to remain under pressure in 2020 - Reuters poll
|The Indian rupee (INR) will extend its two-year losing run this year, courtest of ongoing economic slump and bets for a stronger dollar, a Reuters poll of over 50 strategists conducted from Jan 3-9 shows.
The rupee fell by 8.94% and 2.4% in 2018 and 2019, respectively and is currently trading at 71.23 per US dollar.
The USD/INR pair is expected to continue to trade around 71.20 over the next three months and is seen rising to 72.00 per dollar in a year.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.