The nominal growth trap: How weak corporate earnings and a depleted reserve chest are weighing on the rupee
The rupee is expected to continue its long-term depreciation, reaching 94 against the dollar by FY27, as structural headwinds outweigh temporary relief from easing trade tensions, according to UBS Investment Bank. The bank stated that the currency could weaken to 92 by the end of the current financial year, before further sliding. The Swiss bank’s…