The Rupee’s Top Forecaster Is Going Against the Crowd
- Currency to recover to 67/dollar by end-December: Emirates NBD
- Crude prices, dollar likely to have topped out, Pugalia says
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The Indian rupee’s top forecaster is going against the crowd. The currency will strengthen by the year-end, Emirates NBD PJSC forecasts, bucking a growing consensus that sees it hitting new record lows.
The negatives responsible for the rupee’s recent slide -- elevated oil prices and a strong dollar -- have run their course, Aditya Pugalia, Dubai-based director of financial markets at the bank, said in an interview.