The Indian rupee (INR) will extend its two-year losing run this year, courtest of ongoing economic slump and bets for a stronger dollar, a Reuters poll of over 50 strategists conducted from Jan 3-9 shows.
The rupee fell by 8.94% and 2.4% in 2018 and 2019, respectively and is currently trading at 71.23 per US dollar.
The USD/INR pair is expected to continue to trade around 71.20 over the next three months and is seen rising to 72.00 per dollar in a year.
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