Rupee Depreciation Continues, Could Hit 87 by March End

The Indian rupee fell to an all-time low against the US dollar. Market stirred by rupee fall | Social Media

At the time of filing this report, the rupee was trading at 86.40 against the US dollar. Market stirred by rupee fall | Social Media

Experts say the volatile trend suggests that the rupee will fall to 87 by the end of March. Market stirred by rupee fall | Social Media

"Going by the underlying volatility trends, there is an 80 per cent chance that the currency will fall to 87 from now till the end of March," said Akshay Chinchalkar, Head of Research, Axis Securities Market stirred by rupee fall | Social Media

Whereas a month ago it was 27 percent. Market stirred by rupee fall | Social Media

Akshay said that the rise in treasury yields and the surge in crude oil prices have dampened the prospects for the Indian currency. Market stirred by rupee fall | Social Media

The rupee has fallen for 16 consecutive weeks, which has never happened in its history. Market stirred by rupee fall | Social Media

India's rupee crossed the 86-mark this morning, as the rise in Treasury yields and the rise in the global dollar due to a surge in oil further dampened the prospects for the rupee. Market stirred by rupee fall | Social Media