Rupee may slide to 80 per US dollar by June-end, say analysts2 min read 22 Apr 2020, 05:02 PM IST
Despite falling to record lows this year, the rupee has significantly outperformed many other emerging market currencies
Selling of domestic equities by foreign investors is a major threat for rupee going forward
The Indian rupee today edged closer to 77 a dollar and some analysts say that the Indian currency may hit 80 a dollar over next few months. Today, the rupee hit 76.91 at day's low before closing at 76.67. Though the rupee has significantly outperformed other emerging market currencies in this coronavirus-related market mayhem, selling pressure from outflows from Indian will weigh on the Indian currency, say analysts.