“The Indian rupee is expected to remain under pressure in the short term, driven by factors such as a lack of dollar sales, exporters staying on the sidelines, a widening current account deficit, and insufficient capital inflows. However, Abhishek Goenka holds a more constructive medium-term outlook, anticipating the rupee to improve meaningfully from FY27, potentially averaging below 90 per dollar, supported by its current 5% undervaluation and potential progress on trade deals.”