Whalesbook
Union Bank of India predicts the Indian Rupee could gradually weaken to the 90 per US dollar mark by March 2026. The currency's path will depend on fundamental and technical factors, with a general depreciation trend expected over the next year. Potential strengthening could occur with sustained equity inflows or progress in India-US trade talks, pushing the Rupee towards 87.80. Geopolitical events and tariff news are also key influences. Near-term, a slight appreciation bias is expected due to a stable dollar index and cautious foreign flows.