Nomura expects Rupee to strengthen versus dollar by December 2025, predicts levels of 84 against $

Nomura predicts a stronger Indian Rupee against the US Dollar by December 2025. They expect the Rupee to reach 84 per dollar. This forecast by Nomura is based on a weaker dollar index and significant investment inflows. India is expected to be a preferred investment hub. The Reserve Bank of India's dollar purchases will also strengthen the Rupee.