Rupee may stay under pressure in the short term, but medium-term outlook better: Abhishek Goenka

The rupee may remain under pressure near 92 per dollar due to weak capital inflows, exporter stress and a rising current account deficit, says IFA Global’s Abhishek Goenka. However, he expects improvement in FY27 with the rupee averaging below 90, aided by valuation support, selective RBI intervention, stable inflation and potential trade deal triggers.