Thursday, July 24, 2025 | 11:29 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Rupee slide nearing its end, RBI likely to step in, say economists

The rupee should consolidate around the present level, but global sentiments could push it back to 72-72.5 a dollar level

War on money laundering: Cash deals exceeding Rs 500,000 to come under PMLA
premium

The changes in the Prevention of Money Laundering Act would be a step towards cleaning up black money from the system

Anup Roy Mumbai
The rupee could be hovering around the last leg of its fall, but depreciation pressure would continue a little longer, economists and currency experts have said.

The rupee should consolidate around the present level, but global sentiments could push it back to 72-72.5 a dollar level. By December though, rupee should be able to claw back to the 70 level as dollar is showing signs of weakness against major global currencies and oil supply issue is correcting on increased production from major oil producing nations.

But it will take time. At least in September, rupee is unlikely to strengthen unless