Market News
Rupee may dip to all-time low on Fed outlook-spurred dollar rally - REUTERS
By Nimesh Vora
MUMBAI, Jan 3 (Reuters) - The Indian rupee may slip to a lifetime low at open on Friday after the dollar index climbed to the highest in more than two years, building on its rally in the last quarter.
The 1-month non-deliverable forward indicated that the rupee will open at 85.80-85.82 to the U.S. dollar, down from 85.7525 in the previous session and possibly past the all-time low of 85.8075 hit last Friday.
The dollar index rose 0.7% on Thursday, hitting 109.54, helped by the U.S. jobless claims data.
