What if the rupee hits 70 vs US dollar? Here's how your life will change
Wednesday, May 9, 2018 IST
What if the rupee hits 70? Rupee sank below the 67 mark today for the first time since February 2017. Experts have been predicting further depreciation. An ET poll in February said that the rupee may weaken beyond Rs 70 to the US dollar by the end of the year. Deutsche Bank, DBS Bank, Bank of America, Yes Bank, IFA Global and Edelweiss Financial Services were among those predicting the local currency to hit the 70-mark or fall beyond it.
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