Australia and New Zealand Bank: Indian Rupee may continue to weaken

Dhiraj Nim of the research department of ANZ Bank reports that, due to export risks, the Indian Rupee may continue to gradually depreciate. Nim stated that the Rupee has been the weakest currency in Asia so far this year, as a result of a significant outflow of foreign investment portfolio funds during the imposition of high tariffs in the United States. It is expected that the Rupee will further depreciate until a favorable trade agreement is reached with the US to boost the currency. Nim added that the Reserve Bank of India will focus on maintaining currency competitiveness to support exporters, and their intervention will determine the Rupee's direction. Nim stated that the steadily rising inflation from the 2027 fiscal year onwards will also be crucial for evaluating the Rupee's competitiveness.