Goldman Sachs sees rupee weakening to 85.5-86 vs US dollar in 3-6 months: Report
The rupeeslumped to an all-time low against the American currency on Thursday.
)
Goldman Sachs said on Thursday that it expects the rupee to slide to 85.5-86 levels against the US dollar over the next 3-6 months, Zee Business reported.
The financial services giant expects the rupee to stabilise after hitting the 86 mark against the American currency, according to the channel.
The latest forecasts came after the rupee plunged to a record low of 84.46 against the greenback earlier on Thursday.
(This is a breaking news story. More details will be added shortly)
Catch all the latest stock market updates here. For all other news stories in buzzing categories ranging from technology and automobiles to personal finance, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
03:04 PM IST
Currency Market: Rupee trades in narrow range against US dollar
Rupee hits all-time low of 84.50 against the US dollar amid market volatility