Rupee seen stuck near record lows as outflows blunt RBI support, finds Reuters poll
A Reuters poll of 35 foreign-exchange strategists expects the rupee to languish around 96.10–96.50 per dollar over the next three to six months, as capital outflows and record US bond yields blunt heavy RBI intervention.
The rupee is down nearly 7% against the dollar this year, with foreign investors selling almost $29 billion of Indian equities in 2026 — a weight even sustained central-bank intervention has struggled to lift.
Strategists say record US bond yields keep pulling money toward the dollar, leaving the RBI to fight a two-front battle: defending the currency without draining reserves too far.
The weak-rupee backdrop sharpens the stakes for this week's RBI policy decision, with importers and borrowers both watching the committee's tone.
