Axis Bank says USD/INR may require further rupee weakness
Axis Bank assesses that the rupee may need to weaken further to match shifting trade fundamentals and weaker AI productivity gains, based on a fair-value model using domestic and external conditions.
The Indian rupee may need to weaken further to align with shifting trade fundamentals and relatively weaker productivity gains from AI, according to an Axis Bank assessment based on a model that estimates the currency’s fair value from external and domestic economic conditions.