# Rupee may slide to 102 against US dollar by December 2027, 106 by 2028: Report

> Axis Bank Research forecasts the Indian rupee could weaken to 100-102 per US dollar by December 2027 and to 104-106 by December 2028. The bank cites persistent capital outflows, RBI intervention that has reduced effective forex reserves, and the need to rebuild reserves.

- Date: 2026-11-04 · published 2026-11-04T00:52:34.997Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/78877-rupee-may-slide-to-102-against-us-dollar-by-december-2027-106-by-2028-report
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises the local-currency cost of imported feed ingredients and makes Indian buyers more price-sensitive, which can dampen import demand for feed commodities. The projection suggests currency pressure persists beyond any recent recovery.

## Read by commodity

- USDINR: bullish ▲

## Sources

- businesstoday.in: https://www.businesstoday.in/latest/economy/story/rupee-may-slide-to-102-against-us-dollar-by-december-2027-106-by-2028-report-565526-2026-11-03

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.