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Rupee set to crash past record low: Former Reliance FX head

India 2020 pandemic economy Coronavirus
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economy from the coronavirus pandemic will trigger more weakness in the rupee, dragging it toward an unprecedented 80-per dollar level.That’s the view from Venkat Thiagarajan, who has traded currency markets for 26 years, and most recently served as the head of forex at Reliance Industries Ltd., which runs India’s largest corporate treasury.

The rupee, he argues, has a stronger link with economic growth, and metrics like the current account, balance of payments and global dollar dynamics have a marginal impact in the medium term.Thiagarajan’s bearish outlook stands out as there is growing market consensus that the rupee -- Asia’s worst performer this year -- will rebound on the back of strong overseas flows into Indian stocks and a chunky.

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Deaths: 141 607
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