New Delhi, December 17 (IANS). The rupee may make a strong comeback in the second half of the current financial year and may see an increase in its value against the dollar. This information was given in a report released by SBI Research on Wednesday.
SBI Research said that due to global instability and delay in trade deal between India and America, the rupee has declined against the dollar.
The report said that India’s trade data shows that it has shown great resilience in dealing with prolonged uncertainty, greater protectionism and labor supply shocks.
Dr. Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India, said, “The Geopolitical Risk Index has declined since April 2025 and the current average value of the index for the April-October 2025 period is above its decadal level. This index shows how much global uncertainties are weighing on the Indian Rupee.”
Ghosh further said that the rupee is currently in its downtrend and will soon come out of it.
A trend of decline is being seen in the rupee against the dollar. Rupee has crossed its psychological level of 90 and has reached the level of 91.
However, the rupee witnessed a strong rise against the dollar on Thursday. It has reached 90.25.
According to the SBI report, the current fall in the rupee (in terms of number of days) is the fastest. In less than a year, the rupee has fallen from 85 to 90 per dollar.
The Indian rupee has fallen 5.7 per cent (the most among major economies) against the US dollar since the US announced sweeping tariff hikes on the world’s major economies on April 2, 2025.
However, due to optimism regarding the US-India trade agreement, there has been an intermittent rise in it.
–IANS
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