The rupee is expected to fall to ₹97 per dollar by the end of FY 2026-27 and to ₹99 by FY 2027-28, driven by elevated energy prices, global risk aversion, and interest-rate differentials, according to BMI. The rupee traded at 95.68 on Tuesday. The RBI's early closure of the FCNR(B) swap window has also raised liquidity concerns.
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Rupee Expected To Hit ₹97 Per Dollar By March 2027
