
Rupee likely to hit 78 per dollar by May-end; hits fresh all-time low
The rupee breached the psychological barrier of 77 to a dollar on Monday to hit a lifetime low of 77.46 amid the greenback strengthening against major global currencies on the back of a hawkish stance by the US Federal Reserve. A Business Standard survey showed most respondents see the Indian unit under pressure in the near term and breaching 78