Rupee Projected to Plunge to 90 Against USD by 2026 Amid Sustained Pressure
The Indian rupee faces relentless downward momentum against the US dollar, hitting 88.76 in 2025—a 3% year-to-date drop and 5% annual decline. Union Bank of India forecasts a slide to 90 by March 2026, signaling prolonged USD dominance despite DXY index weakness.
Recovery hinges on fragile external factors: equity market inflows and progress in India-US trade talks. Geopolitical tensions and tariff wars exacerbate the rupee's vulnerability, creating a perfect storm for currency traders.
Market analysts note that such forex volatility often drives capital toward hard assets. Bitcoin and stablecoins historically see increased demand during emerging market currency crises—a trend mirrored in India’s surging P2P crypto volumes.