Indian rupee could take another beating in 2019 - Reuters poll

Omkar Godbole FXStreet Contributor

Indian rupee (INR) could take a beating in 2019, courtesy of the uncertainty surrounding the national elections, scheduled in May and due to an expected economic slowdown, a Reuters poll found.

Key points (Source: Reuters)

INR has recovered nearly 6 percent from the record low of 74.485 reached in October last year. The relief, however, could be short-lived. More than 65 analysts polled between Jan. 8-8 expect the rupee to weaken again.

However, fewer than 20 percent of contributors in the latest poll expected the rupee to breach that all-time low in the next 12 months.

Two-thirds who gave 12-month forecast expect the INR to trade at more than 70 per dollar.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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