Finance
Mr. BillionhairUBS Says Rupee Will Plunge to 92, Trade Deal Won't Help
Listen up, folks! UBS says the Indian rupee is gonna nosedive to 92 by March. That's right, 92! A trade deal? Sure, it might give a little boost, but it won’t last. The RBI is playing reserve hoarder! And guess what? The rupee's already down 5% this year. I told you so! It’s all about growth fears, not trade nonsense. Believe me!
few days ago | Reuters
Quick rundown
1.UBS predicts the Indian rupee will weaken to 92 per US dollar by March.
2.A potential US-India trade deal may not prevent the rupee's depreciation.
3.RBI's need to replenish forex reserves is a key factor for the rupee's future.
4.India's equity outflows and US tariffs are pressuring the rupee.
5.Growth concerns, not just trade issues, are affecting India's capital account.
