Although some experts expect the rupee to be in the 87.50/$1 to 85.75/$1 range by December 2025, most economists are hesitant to put out a level due to tariff-related uncertainties.
Citi downgrades India to ‘neutral’ as valuations remain elevated
Citi has downgraded India’s market rating to ‘neutral’ due to high valuations and moderating earnings growth forecasts. While acknowledging India’s strong macro story and potential