Mumbai, Jan. 3 -- The rupee is expected to further weaken in the coming months as Trump's presidency strengthens the dollar at least in the near-term, experts said, adding that the central bank's interventions in the currency market are likely to ease.
In 2024, the local currency lost 2.9% but the depreciation was lower than some of the other Asian currencies. According to Bloomberg data, yuan lost 3% against the dollar in the same period.
Experts said that the lower depreciation so far when compared to other currencies is also a reason why there is room for more correction. While some see rupee touching the 87-levels in the next three-four months, others see the rupee holding its own after 86.2. On Thursday, it closed at 85.75.
"There...
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