CORRECTED-Fitch sees Indian rupee weakening to 75 against dollar by end-2019

December 07, 2018 / in.investing.com / Article Link

(Corrects first paragraph to clarify timeframe is end, not middle, of 2019)

NEW DELHI, Dec 6 (Reuters) - Fitch Ratings said on Thursday it expects the Indian currency to weaken to 75 rupees against the U.S. dollar by the end of next year on a widening current account deficit and tighter global financing conditions.

Despite a few recent advances, the rupee is on track for its worst yearly performance in five years in 2018 and a Reuters poll on Wednesday had forecast it to weaken further as uncertainty builds, heading into national elections due by May.

The currency fell to a two-week low of 71.04 against the dollar in early trade on Thursday, mimicking most Asian currencies.

Recent News

Budgets shift to later phases and larger companies

March 03, 2025 / www.canadianminingreport.com

Gold stocks decline on metal and equities drop

March 03, 2025 / www.canadianminingreport.com

TSXV Mining's gold-driven outperformance

February 24, 2025 / www.canadianminingreport.com

Gold stocks dip, TSXV mining outperforms, tech bull shifts to China

February 24, 2025 / www.canadianminingreport.com

Producing gold still up after metal reversal, juniors down

February 17, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok