Business Standard poll: The worst may soon be over for rupee, say experts

Currency seen at 80.20/$ by July end, stabilising at 80.50 in Sept

The Indian currency, which has depreciated almost 7 per cent against the dollar in 2022, may not weaken much over the next few months because experts believe that the US central bank may dial down the pace of monetary tightening in the second half of 2022.

According to the median of a Business Standard poll comprising 10 respondents, the rupee is seen at 80.20 per dollar at the end of July; this would imply a depreciation of 0.4 per cent from its last closing level of 79.88 per dollar.

At the end of September, the poll showed the rupee shall weaken a