Goldman Sachs recommends a 9-month binary put option on USD/INR, betting rupee will rise to 83/USD.
The bullish view is based on India’s strong GDP growth, lower oil prices, and returning foreign inflows.
A potential U.S.-India trade deal and tariff rollback could further support the rupee.
Brent crude forecast lowered to $60 for 2025, aiding India’s import-heavy economy and currency.
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