Updated
India's rupee is forecast to weaken toward 100 rupees per dollar, even as the Reserve Bank of India implements measures to support the currency. The RBI has helped the rupee recover from a low of 96.79 rupees per dollar to the 95-level in recent days, though analysts expect sustained depreciation pressure as the currency faces structural headwinds from capital outflows and external imbalances.
Sources:CNBC Top News