Dalio is among a list of pundits who have recently warned of an impending dollar crash. Credit Suisse' Ray Farris and former Morgan Stanley Asia chairman Stephen Roach were some other big names who have warned of a massive slump in the geenback.
"In the current scenario, we can never say that the worst is over in the equity markets, any negative news on the geopolitical level will take it down. I am not worried about the COVID-19 situation though."
While gold has stolen the limelight, silver has been a silent performer
Investors in Asia await readings on services activity in China and Japan, which are expected to show continued expansion in China, and possibly a move out of contraction for Japan.
After breaking down a triangle pattern on July 2, 2020, the currency pair went sideways and kept consolidating in a range and the target price of triangle breakdown Rs 73 per USD is almost achieved.
The dollar has enjoyed years of gains but the coronavirus pandemic has hit the world's largest economy hard, leaving investors looking for growth opportunities elsewhere.
The rally in the US has rubbed off on all major markets, despite complete pandemonium in almost all economies
On a year-to-date basis, the rupee is down 5.13 percent against the US dollar.
On balance, we are looking at a gradual depreciation of the Indian currency. COVID-19 will be the difference between the rupee at 76 to a dollar or 85 in another six months.
Gold prices inched higher on Wednesday as the dollar weakened amid plans to ease major economies out of coronavirus lockdowns
During the session, the rupee witnessed high volatility and touched a high of 76.43 and a low of 76.68 against the US dollar.
Data on Friday showed U.S. job growth accelerated last month, blowing past estimates, with particular strength in construction - indicating the economy is in decent shape.
The Indian rupee on February 4 appreciated by 11 paise to close at 71.27 against the US dollar, tracking heavy buying in domestic equities.
Forex traders said the drop in the rupee was largely due to a spurt in crude oil prices following rising tensions in the Middle East and North Africa.
A U.S.-China trade deal is due to be signed at the White House on Wednesday, though talks on a phase two package are likely to drag on for months.
The Indian rupee rebounded on January 7, appreciating 11 paise to 71.83 against the US dollar, following recovery in the crude oil prices and a positive trend in equity markets.
Subdued domestic equity markets and high crude oil prices restricted the gains in the rupee, analysts said.
The pan-regional Euro Stoxx 600 was down 0.3 percent while Germany's DAX slipped 0.5 percent.
Spot gold fell 0.3% to $1,459.23 per ounce by 0332 GMT. Prices earlier touched their highest since Nov. 22. U.S. gold futures shed 0.5% to $1,465.30.
The dollar dropped more than 0.2% on the euro and the pound, and was 0.1% weaker against a basket of major currencies at 98.995.
The dollar was last down 0.2% against a basket of major currencies, its index at 98.803, easing from a more than two-year high hit on September 3.
Donald Trump has said that Chinese officials had made two "very good calls" and that "they want to make a deal"
Sakshi Batra does 3-Point Analysis of the rupee’s fall and how investors can benefit from this downslide of the Indian currency.
Tariff concessions seem more aimed at protecting the wallets of US consumers. No real progress has been made in US-China trade talks.