Rupee shifting to 87-87.50 range against dollar; expects 50-75 bps rate cut in CY25: Upasna Bhardwaj

Upasna Bhardwaj, Chief Economist at Kotak Mahindra Bank, forecasts the rupee shifting towards 87 against the dollar. She projects GDP growth at 6.1% for FY25 with potential risks leading to a rate cut cycle starting in February 2025. Inflation could be around 5.3% due to rising food prices and a weaker rupee.

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