The Indian rupee offers the most potential for gains among Asia’s high yielding currencies next year, according to ING Bank NV, which said a trade deal with the US could fuel a rally in a currency that has lagged far behind most of its peers this year.
The rupee is set to strengthen to 87 per dollar by the end of 2026, ING economists led by Deepali Bhargava wrote in a note dated Nov. 10, implying a roughly 2% rise from current levels. The rupee is among the Asian currencies with the most room to appreciate as it is trading below its estimated fair value based on real effective exchange rate measures, according to ING.
India’s Rupee Poised for Rebound as Trade Hopes Rise, ING Says
