Indian rupee to trade near record lows despite surging growth- Reuters Poll
BENGALURU, Nov 8 (Reuters) – The Indian rupee will trade near record lows against the dollar over the coming months, according to a Reuters poll of FX strategists who also said the Reserve Bank of India would likely intervene less in the coming year to support the currency. India’s economy is expected to expand 6.3% this fiscal year, the fastest-growing major economy in the world. But the rupee is not reflecting that optimism, having hit a record low of 83.29/$ earlier this month. Thanks to the RBI’s regular interventions in currency markets to arrest any sudden moves, the rupee has