The plunge in rupee value is expected to trigger a major spike in remittances by Gulf-based non-resident Indians in the coming months
currency outlook
Latest in currency outlook
currency crisis
Indian rupee slips to an all-time low against US dollar
The rupee is currently at 82.80 on Friday, but is expected to go well below 83
currency crisis
Rout in rupee continues, Indian currency plunging to record low of 82.70 against US dollar on Monday
Currency market experts predict further weakening of rupee in near-term basis due to anticipation of aggressive tightening by the US Federal Reserve and predictions of crude prices ending this week with major gains
British pound
Exchange bureaus offer 85 cents for one pound sterling
British pound continues slump after UK mini budget
British pound
British pound hits record low against UAE dirham
The all-time low came after the UK’s biggest tax cuts in 50 years
British pound
Pound set to fall below dollar as sterling crashes again
Fall comes after UK mini-budget saw huge tax cuts
currency market
Indian rupee could fall to 77 against dollar on concerns on FII outflow, high crude prices
Gulf-based expat Indians account for a larger share of NRI remittances to India, which tend to surge whenever the rupee tumbles
currency market
Indian rupee predicted to fall to 76 against dollar on rising dollar index, crude prices
The weakening trend of rupee is expected to lead to a surge in non-resident Indian (NRI) remittances to the South Asian country, as expats can earn more bucks for each dollar remitted
currency crisis
Rupee’s latest fall impacted by India’s Central Bank rates decision
The rupee, which has fallen for six straight months in the longest stretch since 2002, is seen sliding to 75 per dollar by year-end
currency outlook
Second Indian rate hike expected as inflation risks mount
With inflation running well above the central bank’s medium-term target of 4 percent – and the outlook set to worsen as oil prices stay elevated and the currency slides – pressure is building on the Reserve Bank of India to act
currency outlook
Indian rupee will strengthen before year-end, says Dubai’s biggest bank
Aditya Pugalia, Dubai-based director of financial markets at Emirates NBD, goes against a bleak broader outlook for the currency predicted by most