The INR-USD exchange rate has been in news for the last few weeks. The question in every one mind seems to be how low can it go? What is the chance that it would cross INR 60 per USD in the next three months?
Based on the last 10 years data it seems that the chance of rupee breaching the INR 60 per USD mark is 13.5%. That's about 1 in 7. Quite possible in other words.
The chance of it crossing INR 62 per USD in the next three months is about 1%.
Based on the last 10 years data it seems that the chance of rupee breaching the INR 60 per USD mark is 13.5%. That's about 1 in 7. Quite possible in other words.
The chance of it crossing INR 62 per USD in the next three months is about 1%.
