Goldman Sachs sees the rupee approaching a turning point, but warns that trade uncertainty could dictate the next move

Investors who see the rupee weakening past $90 against the dollar have a new indicator to assess: Goldman Sachs believes the worst phase of the currency’s underperformance is largely behind it, even as India’s external balances remain under pressure and rate uncertainty clouds the outlook. The brokerage argued that while flows have deteriorated significantly, India’s […]