Rupee seen weakening to 96 by late January, poll shows
In short
A poll of 37 strategists says the rupee may keep falling.
It was trading near 94.70 per dollar, and they expect 96.00 by end-January and 96.33 by end-April. The report does not say what action, if any, will stop the slide.
What the reporting says
A poll of 37 strategists conducted between November 2 and 4 showed the rupee near 94.70 per dollar and expected to weaken to 96.00 by end-January and 96.33 by end-April. The forecast reflects ongoing pressure from foreign outflows, according to the summary. The source gives no policy response or fresh intervention, so the near-term direction is a consensus forecast rather than a confirmed move.
Why it matters
A strategist poll taken November 2-4 found the rupee near 94.70 per dollar and expected it to weaken to 96.00 by end-January and 96.33 by end-April. The summary links the outlook to foreign outflows. This matters for importers, exporters and currency markets, but the available reporting does not state any policy response or the cause of the outflows.