Citi, Barclays see rupee slumping to 85 per dollar

Citi expects the rupee to push to 85 to a dollar, while Barclays says that the risk of a short-term overshoot to 84-85 is high. Standard Chartered Plc has also extended its long dollar/rupee trade target to 85 after the local currency breached 83.

from Moneycontrol Business News https://ift.tt/PdLlc4h