According to Barclays Research, there is room for further upward movement of the US dollar against the Indian rupee, and the bank expects the exchange rate to reach 94.0 rupees by the end of next year. The bank said in a report that the exchange rate continued to rise after breaking through the defense line previously set by the Bank of India around 88.80 rupees. According to the bank, the possibility that the exchange rate of the US dollar will depreciate against the Indian rupee seems limited, and any decline may be bought by importers on dips. Barclays added that Bank of India Governor Sanjay Malhotra did not seem particularly concerned about the fall in rupee, and pointed out that given the inflation gap between India and developed economies, a fall in the rupee is expected. According to data from the London Stock Exchange Group, the US dollar was reported at 90.05 rupees against the Indian rupee.

According to Barclays Research, there is room for further upward movement of the US dollar against the Indian rupee, and the bank expects the exchange rate to reach 94.0 rupees by the end of next year. The bank said in a report that the exchange rate continued to rise after breaking through the defense line previously set by the Bank of India around 88.80 rupees. According to the bank, the possibility that the exchange rate of the US dollar will depreciate against the Indian rupee seems limited, and any decline may be bought by importers on dips. Barclays added that Bank of India Governor Sanjay Malhotra did not seem particularly concerned about the fall in rupee, and pointed out that given the inflation gap between India and developed economies, a fall in the rupee is expected. According to data from the London Stock Exchange Group, the US dollar was reported at 90.05 rupees against the Indian rupee.