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Barclays says rupee slide 'overdone'
Mint Chennai
|July 25, 2025
The Indian rupee's recent fall looks overdone to analysts at Barclays while their counterparts at BofA Global Research reckon that portfolio flows and a weak outlook for the dollar may help the rupee rise over the remainder of the year.
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Both hedge funds and real money investors added long positions on the rupee last month, per BofA's proprietary flow indicators. The firm expects the rupee to strengthen to 84 per US dollar by the final quarter of calendar year 2025.
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