Rupee stabilisation expected after 4% decline this year
after close1 source ↓written by the desknot a recommendation
- rupee has declined
- 4% this year
- record lows
- 89.4950
The Indian rupee has declined 4% this year, recently trading near record lows at 89.4950. Union Bank of India suggests that the rupee's weakness is largely priced in, with no significant further depreciation expected in the near term. Traders are closely monitoring the India–US BTA for potential cues on future movements. 📉
• Foreign institutional investors have withdrawn over $14 billion since January.
• Easing inflation and GST reforms are providing some support.
• Clarity on the trade agreement could influence future trends.
Not investment advice. For informational purposes only.