Rupee near record low: 5 signals the currency pain may peak before a H2 rebound

After sliding to record lows near 91 per dollar, the Indian rupee may be nearing the end of its depreciation cycle, SBI Research suggests. Driven by geopolitics, tariffs and capital outflows, the currency is in a late-stage weakening phase, with statistical signals pointing to a potential rebound in the second half of the next fiscal year despite near-term volatility.