Rupee to be in Rs 70-72/USD range: Poll; 7 factors that could drive currency in 2019

Rupee, which depreciated more than 9 percent against the USD in 2018, is likely to hover in the range of Rs 70-72 against the US Dollar, according to a poll conducted by Moneycontrol.

We spoke to 15 analysts, fund managers and money managers last week to assess the sentiment and get some idea of what to expect in 2019.

As many as 47 percent of the poll respondents feel that the currency is likely to hover in the range of Rs 70-72 against the USD, while 27 percent of them feel that the currency could depreciate towards Rs 72-74/USD in 2019.

Almost 13 percent of them feel that rupee could depreciate towards Rs 74 against the USD and the rest 13 percent are of the view that the currency could hover around the current level of Rs 70/USD in 2019.