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via business-standard.comMarkets

Rupee likely to resume slide as foreign outflows keep pressure on currency

FROM THE WIRE · BUSINESS-STANDARD.COM

The median forecast of 37 strategists polled between November 2 and 4 was for the rupee, currently trading near 94.70 per dollar, to weaken to 96.00 by end-January ‌and 96.33 by end-April

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe rupee's depreciation matters for Indian currency markets, but no listed instrument applies.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The median of 37 strategists sees the rupee falling to 96.00 by end-January.
  2. 02The rupee currently trades near 94.70 per dollar.
  3. 03Forecasts point to 96.33 by end-April.

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