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The trade deficit has widened, capital flows are weak, and the Indian rupee Exchange Rates have fallen to a historic low.
IDFC believes that the current account deficit combined with a strong dollar will continue to put pressure on the rupee, predicting that the rupee will further depreciate to 86 rupees per dollar by September 2025, which represents a potential decline of about 0.9% from the current rate of 85.23 rupees.