Rupee unlikely to breach 100 against US dollar even if crude hits $105/barrel: Kotak Securities
BusinessLine 1 hr ago·31 Jul 2026, 4:54 am
Kotak Securities has stated that the Indian rupee is unlikely to breach the psychological 100 mark against the US dollar, even if global crude oil prices rise to $105 per barrel. The brokerage firm analyzed various macroeconomic scenarios, noting that while higher oil costs can pressure the currency, the Indian economy's fundamentals and external buffers are expected to remain resilient enough to prevent a sharp depreciation.
This outlook is significant for investors as a weaker rupee typically increases the cost of imported goods and can fuel domestic inflation. However, the firm's assessment suggests that the rupee will likely find its footing, providing a degree of stability for the broader market. Traders should monitor the movement of crude oil and foreign capital flows to gauge the currency's actual trajectory in the coming weeks.
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- Category: Economy.
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