{
  "id": 10392650,
  "title": "₹ rout next: India's plight may go beyond stock mkts",
  "url": "https://urgent.news/2026/09/28/rout-next-indias-plight-may-go-beyond-stock-mkts",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T00:04:09.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/markets/forex/forex-news/rupees-likely-to-slip-despite-rbi-push-for-stability/articleshow/134528883.cms"
  },
  "original_language": "en",
  "account": "Mumbai and Kolkata: Economists warn that the Indian rupee could depreciate further to 96-97 per dollar by the end of the fiscal year 2027, as persistent outflows from Indian assets, high oil prices, and rising global yields add to emerging market pressures. Reserve Bank of India Deputy Governor Poonam Gupta previously argued for the rupee's stability, but economists disagree, noting that depreciation pressures remain despite a strong balance of payments surplus, which is driven mainly by Foreign Currency Non-Resident (Bank) inflows absorbed by the RBI. The BoP surplus excluding these inflows remains negative, indicating weakness in other capital flows. Despite hitting a record low against the dollar in late May, the rupee has since recovered but has since faced renewed pressure. Heavy RBI interventions have kept the rupee from weakening further, but foreign exchange reserves have declined as a result. Bank of Baroda's chief economist anticipates a 3-4% rupee depreciation in the coming year, with limited intervention possible due to a strengthening US dollar.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}