The key uncertainty remains the currency, but if that stabilises and growth improves, India can deliver respectable returns, says Christopher Wood, global head of equity strategy at Jefferies.
The rupee slipped to 89.72 per dollar on Monday on strong dollar buying in the NDF market, before trimming losses to close at 89.65 as dealers flagged a shift in RBI's approach
For planning, the split matters. Near-term levels determine the cost of payments due now. Longer-term expectations do not help if your fee deadline is in the next few weeks
Weak rupee and higher airfares are pushing up overseas travel costs for Indians, with long-haul destinations seeing package prices rise by up to 14% in 2025
Majority of the respondents said the domestic currency would appreciate to 88.5 against the dollar by end FY26
RBI intervened to curb speculative bets, say dealers
The rupee rose 0.73% to 90.37 per dollar, snapping a five-session fall, as dealers cited likely RBI dollar sales to curb volatility after the currency hit fresh lows
The Indian currency strengthened past 90-per-dollar mark in Wednesday's session as the central bank curbed excess volatility
The rupee is among the worst-performing currencies globally this year, sliding 6% against the dollar
A key reason is the Reserve Bank of India's $64 billion short-dollar position - a pledge to supply large amounts of dollars in the future through derivatives contracts with lenders
The rupee is currently the worst-performing Asian currency, with 5.95 per cent depreciation witnessed in 2025 so far
Mishra said rupee is expected to average around 90 per dollar by June 2026 and weaken further to 92 per dollar by June 2027
Stock Market Today: The BSE Sensex dropped to an intra-day low of 84,684, with Indian Rupee sliding to 91.05 versus the US dollar on Tuesday.
Rupee at record low: The unit opened 4 paise lower on Tuesday at 90.77 against the greenback, but fell 35 paise during the session to a new low of 91.08, according to Bloomberg
Dominance of flows has dulled the rupee's sensitivity to daily swings in its Asian peers, allowing the downside momentum to build and raising expectations of depreciation and speculative activity
The rupee plunged 9 paise to a record low of 90.87 against the US dollar in early trade on Tuesday, weighed down by sustained FII outflows and no breakthrough in the India-US trade deal. However, a weaker greenback and a decline in global crude oil prices capped further losses in the domestic unit, according to forex traders. At the interbank foreign exchange, the rupee opened at its all-time low of 90.87 against the US dollar, down 9 paise from its previous close, and traded in a narrow range of 90.77- 90.87 in early trade. The rupee on Monday settled at a new all-time low of 90.78 against the US dollar, registering a loss of 29 paise over its previous close, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows. "The US-India trade deal still seems to be off by a distance with the Commerce Secretary saying the first phase will be signed before the end of the year and news that we are closest to the deal being signed. The uncertainty has clou
Nepal has eased restrictions on carrying high-denomination Indian currency in the Himalayan nation, ending a decade-long ban, according to an official statement. Individuals can hold Indian banknotes of Rs 200 and Rs 500 up to a maximum limit of INR 25,000 per person. The decision was made during Monday's cabinet meeting, according to cabinet sources. Under the revised provision, both Nepali and Indian citizens may bring the higher denomination bank notes into Nepal from India or carry them from Nepal to India. The Cabinet decision on Monday follows amendments by the Reserve Bank of India to the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015. The amendment permits Indian, Nepali and Bhutanese nationals to carry higher-denomination Indian currency while travelling to and from India. According to Nepal Rastra Bank (NRB) spokesperson Guru Prasad Paudel, once the government decision is published in Nepal gazette, NRB will issue a circular to this effect
The RBI's three-year dollar-rupee buy/sell swap auction, which is scheduled for Tuesday, is now in focus
Sensex Today | Stock Market highlights on December 15, 2025: In the broader markets, the Nifty MidCap index slipped 0.12 per cent, and the Nifty SmallCap index rose 0.21 per cent
Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows. Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front. At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close. On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35. Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade. On the domestic equity market front, the 30-share bench