Indian rupee to hit record low – Reuters   ...News

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Indian rupee to hit record low – Reuters  
The forecast comes despite the country’s soaring economic growth The Indian rupee is expected to trade close to record lows against the US dollar in the coming months as the Reserve Bank of India (RBI) would likely intervene less next year to prop up the national currency, Reuters reported on Wednesday. Earlier this month the rupee hit a record low of 83.29 against the greenback, which stood in contrast to a projected 6.3% expansion of the Indian economy that would make it the fastest-growing in the developing world, the report pointed out. According to Reuters’ poll of foreign-exchange analysts taken between No

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