archiveINR forecast

Bank of America (BofA) Research has revised its forecast for the Indian rupee, projecting the currency to strengthen to 84 per US dollar by December 2025, from a previous estimate of 87read moreBank of America (BofA) Research has revised its forecast for the Indian rupee, projecting the currency to strengthen to 84 per US dollar by December 2025, from a previous estimate of 87. The call reflects a broader shift in sentiment among analysts, who are increasingly bullish on the rupee amid improved capital inflows and a more favorable trade...

The Indian rupee opened sharply higher at 84.62 per US dollar on Tuesday (May 13), strengthening by 75 paise from Friday’s (May 9's) close of 85.37. The forex market was shut on Monday (May 12) due to Buddha Purnima.The sharp rebound comes after India and Pakistan agreed to a ceasefire over the weekend, easing geopolitical tensions that had rattled investors. Indian equity markets responded with a powerful rally on Monday (May 12), with benchmark indices rising nearly 4%, marking their best day in four years. The global backdrop also turned...