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Rupee could depreciate towards 77 against dollar; lower crude prices may arrest downfall: Experts

Updated : April 20, 2020 07:00 PM IST

The rupee has depreciated 2 percent so far in the month of April, breaching a record low of 76.87 per US dollar on April 16.
Overseas investors have pulled out Rs 1,20,408 crore from Indian markets so far in 2020.
Expectations of no major rebound in crude oil prices is likely to arrest the downfall in the local currency.
Rupee could depreciate towards 77 against dollar; lower crude prices may arrest downfall: Experts

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