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Related Rupee extends gaining streak vs dollar; bonds steady before Rs 24K cr auction New Delhi: Fitch Solutions on Friday revised its forecast for the Indian rupee to average Rs 76 per US dollar in 2022, slightly stronger than its previous outlook of Rs 76.50. According to the agency, the rupee will mostly trade sideways in the coming quarters. In the long term, it expects the Indian currency to remain weak--it may average Rs 78 in 2023. However, any depreciation will be gradual given strong economic fundamentals, it added. In the current year, the rupee has averaged around Rs 73.90....
