The Indian rupee touched a new low of Rs77.87 per US bone
on Friday, after a prolonged phase of connection as inflationary pitfalls have estranged.
The rise in crude prices towards three-month highs owing to force miserliness is further accentuating affectation enterprises and inflicting damage on the global frugality and value of the currency, said Sugandha Sachdeva, Vice President- Commodity and Currency Research at Religare Broking.
Either, the World Bank slashing its global growth cast to2.9 percent as against its former estimate of4.1 percent in January also downgraded the currency, Sachdeva said.
Going ahead, the rupee is anticipated to cheapen towards the Rs78.20- mark in the near term and Rs78.50 in the medium-term perspective.
For fresh cues, affectation data in the US will be a crucial index for the rupee movement.
