Rupee may continue to remain weak on volatility in global markets
The Indian rupee is likely to continue its weak trend against the dollar due to a probable rise in volatility in the international financial markets.
According to the Reserve Bank of India's (RBI) Monetary Policy Report for October 2019, rising protectionism, slowdown in global trade may increase volatility in the financial markets.
"The INR depreciated vis-a-vis the US dollar in August 2019, reflecting global developments. Looking ahead, rising trade protectionism, slowing global trade and global output could increase volatility in the international financial markets and exert further downward pressure on the currency," said the report.