Dollar-Rupee 2026 Outlook: Forecasts Diverge Amid Global Uncertainty

• Bank of America Global Research forecasts rupee strengthening to ₹86 by end-2026 due to easing dollar demand.
• MUFG predicts continued rupee weakness, while Fitch sees recovery towards ₹87 by end-2026 on India's growth.
• Independent economists and Union Bank of India project rupee in ₹90–92 range if global uncertainty persists.
• UBS Global Research revised its forecast to USD/INR 90–92 for much of 2026, citing slow trade talks and limited RBI intervention.
• ING Bank expects rupee to strengthen towards ₹87 by late 2026, driven by India's strong fundamentals and potential US trade deal.

Why It Matters: Rupee faces mixed forecasts for 2026, with volatility expected despite strong Indian fundamentals.