Up or down, is the question after the Indian rupee has been playing snakes and ladders against the dollar in 2022
Since the start of the year, the rupee has slid by around 10 percent against the US dollar, even breaching the 83-per-dollar mark in October, a record low.
Since mid-November, however, the rupee begun to strengthen against the greenback, hitting levels of Rs 80.50 to Rs 81 per dollar. At the timing of writing in early December, the Indian currency was around Rs 82 per dollar. So is the rupee set to recoup in the coming year or can it slide any further?