Rupee hits fresh record low against USD, may drop to 87 by March end: Experts
New Delhi [India] January 13 (ANI): Indian rupee touched an all-time low against US dollar. At the time of filing this report, the rupee was trading at 86.40 against US dollar.
Experts say the volatility trends show that the rupee will drop to 87 by March end.
"As per implied volatility trends, there are 80 per cent odds that the currency will drop to 87 between now and March-end, up from 27 per cent a month ago." says Ak