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Goldman backing rupee despite slide
Financial Express Chennai
|November 04, 2025
GOLDMAN SACHS IS advising clients to take a bullish position on the rupee, using an exotic option structure, despite its latest slide towards its all-time low.
Taking positive cues from developments in IndiaUS trade negotiations, analysts at Goldman Sachs expect the rupee to appreciate by 1-2% if US tariffs on Indian goods are set at or below 25%. The upbeat view comes despite the currency on Monday dipping near its lifetime low of 88.80 to the dollar. The currency closed at 88.7775.
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