MUMBAI: A Closer Look at Currency Trends Reveals Rupee's Broader Weakness

While the rupee has shown modest gains against the dollar, a deeper analysis uncovers its slide against non-dollar currencies like the euro and pound, presenting challenges for policymakers and market participants alike.

Abhishek Goenka, CEO of IFA Global, points out the rupee's divergence from the dollar's path, highlighting opportunities for exporters and those receiving remittances in stronger currencies. He also comments on the shifting geopolitical landscape affecting the dollar's dominance.

Forex Experts Weigh In on Dollar's Retreat and Its Implications

KN Dey, a forex consultant, attributes the dollar's softening to delayed tariff implementations, with significant effects on travel and education costs to Europe. Meanwhile, Riya Singh of Emkay Global discusses the broader implications of the dollar index's decline, questioning the feasibility of de-dollarization.

Harsh Madhusudan Gupta of Ionic Asset shares insights on the potential for rupee appreciation amid skepticism about moving away from the dollar, pointing to the complex dynamics of trade surpluses and US debt.