RPT — POLL — India rupee seen stuck near record lows as capital outflows blunt RBI support
(Repeats story from Monday with no changes to text) reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=INR= rupee poll data By Pranoy Krishna BENGALURU, October 5 (Reuters) — The Indian rupee is expected to languish near record lows over the next three to six months, a Reuters poll of FX strategists showed, as capital outflows keep pressure on the currency despite heavy intervention by the Reserve Bank of India. A global bond market rout, which has pushed yields in the US and other developed markets to multi-decade highs, has further pressured the rupee. It is down nearly 7% against the dollar so far this year. Foreign investors have sold nearly $29 billion of Indian equities this year, despite official data saying India is the world's fastest-growing major economy. The rupee, which fell to a two-month low last week, was expected to trade around 96.10 per dollar in three months, near current levels, and weaken to 96.50 by end-March, according to the median forecast in Reuters poll of 35 currency strategists conducted from September 30-October 5. "The rupee is definitely going to be weaker for the next couple of months. When US Treasuries, considered the safest.