MUMBAI, 22 MAY, 2020 (GPN):  Ms. Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare Broking Ltd. Quotes: In spite of the proactive measures taken by the RBI to boost liquidity in the markets, rupee has still navigated on the downwards trajectory. The central bank has slashed the interest rates by 40 bsp, has provided for term loan moratorium extension and expanded the lending limits to the corporates to soften the economic pain inflicted by the coronavirus crisis due to acute growth moderation risks. These measures shall provide the much needed support to the economy, but the street was expecting much more. There is lot of uncertainty as to how long it will take the demand to recover and the depressed economic activity to revive. The global cues too have worked to suppress the rupee further with sharp rise in the greenback amid the souring US-China relations and fall in other emerging market currencies.In the current scenario, the path for the local currency looks bumpy, yet the level of 76.60 shall provide a strong cushion to the Indian rupee. ENDS