06 Jan 2026 | 5 Mins Read
UBS predicts Indian rupee may hit 94 against US dollar by 2026
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The Indian rupee is expected to depreciate by 4% in 2026, potentially touching 94 against the US dollar, due to a delayed India-US trade deal and weaker nominal GDP leading to capital outflows. Rohit Arora, UBS Head of Asia FX & Rates Strategy, attributes the decline to safe-haven demand for the US dollar, elevated US yields, and caution ahead of the trade deal.