The results of the latest Reuters poll of 40 foreign exchange strategists showed that the Indian Rupee is likely to see little respite over the coming year, in the wake of escalating US-Sino trade tensions and rising domestic political uncertainty. Key Findings: “The poll taken Oct 26-31 showed the rupee was expected to gain slightly to 72.5 per dollar in 12 months from about 73.95 on Wednesday. But the predicted outlook for the currency will still leave it much weaker than where it started 2018 around 63.80. The latest consensus was only slightly better compared to the previous month, and more than one-quarter of strategists with a year-ahead view predicting the currency to hit a new record low by then. In a month, nearly one-fifth of respondents expect the currency to hit a new record low. Most Asian currencies are forecast to gain against the dollar in a year, though the Chinese yuan is expected to have a bumpy ride in that period.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Bearish monthly close, but China stimulus talk could shake out weak bears FX Street 4 years The results of the latest Reuters poll of 40 foreign exchange strategists showed that the Indian Rupee is likely to see little respite over the coming year, in the wake of escalating US-Sino trade tensions and rising domestic political uncertainty. Key Findings: "The poll taken Oct 26-31 showed the rupee was expected to gain slightly to 72.5 per dollar in 12 months from about 73.95 on Wednesday. But the predicted outlook for the currency will still leave it much weaker than where it started 2018 around 63.80. The latest consensus was only slightly better compared to the previous month, and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
