The rupee was quite stable in 2019, ending the year with a loss of 2.6 per cent, but 2020 has been quite eventful for the Indian currency.

The Covid-19 pandemic that has the world in a vice-like grip has had a debilitating effect on all economies, impacting currencies as well.

The rupee was largely stable in the beginning of 2020, moving between 70.5 and 72 against the dollar. This was the range that had shackled the Indian currency in 2019 as well.

Businessline's Akhil Nallamuthu takes a look at what lies ahead for the rupee?