Global brokerage classes India’s GDP growth by 5.8 percent for the end of fiscal year 2016 | Photo credit: Vivek Prakash
The Global Nomura broker estimates that the rupee will fall to about 84/$ by the end of the year, and sees yields off low digits of a single digit for nifty 50 in the current financial year.
“There will be some active purchases in dollars in dollars, the cleaning of the short positions of the races promoted in the book forward and the possible accumulation of reservations by the RBI,” said Craig Chan, Global FX strategy head in Nomura Securities.
The Bank of the Reserve of India has been rebuilding its reservations
Chan said RBI will have to reach the level of $ 800 billion to return to the coverage relations of the peaks in 2021, according to the measures to adapt the IMF reserve. He hopes that the rupee will be a low yield compared to the euro and the yen.
Other foreign banks have predicted that the rupee has around 87/$ levels for the end of the year. Standard Chartered Bank sees that the rupee is at 87.75/$, while MUFG Bank forecasts 87.50/$.
Variable income perspective
The broker has established an objective of 24,970 points for the NIFTY 50 index in March 2026, which translates into a 3 percent increase since the closing of Thursday or 24,247 points.
Saion Mukherjee, managing director and head of Equity Research in India in Nomura, tested a range of around 21,800 to 25,600 points, with the highest final result in yields of a single digit digit.
The extinguished perspective is thoroughly of high -digit corporate profits, slow capital cycles, FPI setback and probably challenges for export -oriented sectors due to tariffs and deceleration in the United States economy. The growth of corporate gains is lower than GDP growth.
The Correeduría has projected the growth of the Gross Domestic Product (GDP) of India at the end of fiscal year 26, considering the uncertainties and the impact of the reciprocal commercial tariffs of the United States.
Posted on April 24, 2025