India’s rupee set to drop lower versus dollar

India’s rupee is likely to plunge to record lows in the days ahead with a strong likelihood the South Asian currency would drop to 62 levels to the US dollar and 17 to the UAE dirham on the back of increased outflows from foreign institutional investors who have been dumping rupee-denominated assets in favour of the greenback, experts say.

via India’s rupee set to drop lower versus dollar, dirham |

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