Economists Predict Rupee's Next Big Fall in March, May Hit 87 Against US Dollar

The Economic Times reports that economists at Standard Chartered, Deutsche Bank, and others predict the Indian rupee will depreciate to 87 against the US dollar by March 2025, with the possibility of it reaching this mark earlier if the tariff war escalates and the Reserve Bank of India (RBI) relaxes its intervention strategy.

The rupee has already weakened by 1.6% since November 2024, driven by a stronger US dollar.

While the rupee has fared better than other Asian currencies, its depreciation is likely to continue due to global pressures, including US exceptionalism and tariff threats.

The RBI has intervened significantly, with $120 billion worth of interventions in the December quarter alone.