Crdit Lyonnais: The easiest phase of the Indian Rupee's upward trend may have ended.

French bank Societe Generale said that the strength and resilience displayed by the Indian Rupee in June may be just an exception, rather than the norm, and that the easiest phase of the currency's rally may have already ended. The return of geopolitical risks and rising oil prices will pose a negative impact on the Rupee. The recent surge in the USD/INR exchange rate is seen as a "warning signal," indicating that most of the optimism may have already been priced in by the market. It is expected that portfolio funds will continue to flow into India until 2026.