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Market move▼ Bearish for Indian equities
Rupee's likely to slip despite RBI push for stability
The brief
- The rupee could fall to 96-97 per dollar by FY27-end
- Persistent outflows from Indian financial assets and elevated crude oil are among the pressures
- A weaker rupee raises import costs for oil, airlines and other companies with foreign-currency exposure
- RBI Likely To Hike Repo Rates By 50 Bps Taking Terminal Rate To 5.75% By December: Nomura
- Markets pricing an excessive 125bps rate hike over the next one year: Nomura
- Daily Voice: RBI stance shift likely in October, rate hike in December, says Valtrust's Rahul Bhutoria
- ETMarkets Smart Talk | Rate-cut cycle over, RBI may be at cusp of rate hikes; yields could inch higher: Puneet Pal
- India plans Rs 7.86 lakh crore bond sales in H2, trims borrowing amid yield pressure