Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Times of India
The Times of India
Business
Bloomberg

Rupee may fall to a new record low on worsening current account

Bloomberg Economics India New Delhi Nomura Holdings Inc Standard Chartered UBS

NEW DELHI: The worst is still to come for the Indian rupee after its slide in May to a historic low, according to analysts and forward markets.

The currency may drop to between 79 to 81 per dollar over the next few months, according to analysts from UBS AG to Nomura Holdings Inc and Bloomberg Economics. Forwards are also pricing in a similar weakness for the rupee.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
He Ate, Slept and Hid Inside Disneyland — Here’s How He Got Caught
Disneyland has spent decades selling the fantasy of escaping ordinary life for a day. One man took the idea of staying longer much too far. Stories about people hiding inside the park after closing have fueled a particular kind of Disney legend: empty streets, forbidden corners, and the possibility of…
Clever Dude
Clever Dude
Man leaves Nestlé cream out all night. Then he shows what hasn’t changed: ‘that should have done something’
Something feels off here.
We Got This Covered
We Got This Covered
1867 gold coin found in Texas closet sells for $97,600 after 159 years in a family’s possession
A remarkable 1867-S Liberty Half Eagle gold coin was unearthed from an obscure closet in Texas, boasting a staggering value of $97,600. This highly sought-after coin, a valuable heirloom of a Union soldier, shattered previous auction records. Experts praised its rarity and condition, sparking intense competition among collectors. After a…
The Times of India
The Times of India
Jennifer Lopez reportedly ‘casually dating’ Ted Lasso actor Brett Goldstein
The pair met on the set of the Netflix film ‘Office Romance’
The Independent UK
The Independent UK
Pooh Shiesty Files Emergency Motion Claiming 23-Hour Solitary Isolation Is Harming Mental Health
Pooh Shiesty's emergency motion alleges that 23-hour jail isolation is harming his mental health as he awaits trial in the Gucci Mane case.
International Business Times UK
International Business Times UK
Florida strip club serves hot meals for those who are affected of Hurricane Isaias: ‘It’s good to give back’
Hurricane Isaias has caused approximately $582 million in damage.
We Got This Covered
We Got This Covered
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play