NEW DELHI, (PNA/PTI) — The rupee, which had slumped to its lifetime low of over 68 to a US dollar last month is expected to recover to 59-61 against the American currency by end of this fiscal, India Ratings & Research (Ind-Ra) said in a report.
The basis of Ind-Ra’s expectation of INR appreciation is based on economic developments in the last one to two months of this fiscal and the likely developments in the remaining months.