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Rupee slide overdone? Jefferies says no need to panic, gives 4 reasons why

Jefferies has said that the Indian rupee, though down sharply, is undervalued and fundamentals remain strong. With contained current account risks, recovering FDI, ample reserves, and stable macro buffers, the brokerage expects INR to stabilise around 9091, urging investors not to panic amid recent volatility.

18 Dec 2025 2:53 pm