The rupee could slide to as low as Rs. 302 against the dollar by June next year, according to a report by a brokerage firm.
Yesterday, brokerage firm Topline Securities released a poll regarding the upcoming monetary policy announcement where it also asked participants about the exchange rate outlook.
36 percent participants are expecting currency to close above Rs. 290/USD by Dec 2025 compared to 26 percent earlier. While 64 percent are expecting exchange rate in between Rs. 280-290.
The brokerage firm said it expects currency to clock in at Rs. 288-292 by Dec 2025 and Rs. 298-302 by June 2026.
It is pertinent to mention here that on Thursday, the rupee settled at Rs. 282.67 against the US dollar.
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