Rupee at risk? BOP pressure, oil shock and capital flows hold the key, says Rahul Bajoria

India’s currency outlook is once again under scrutiny, with projections indicating the rupee could weaken to 94 against the US dollar by mid-2026. The backdrop: rising oil prices, a widening current account deficit, and fragile global capital flows.Speaking to ET Now, Rahul Bajoria from BofA Global Research explained that while the forecast predates recent RBI measures, the core concern remains intact.“So, I would say the numbers were done before the RBI came out with the measures… the main unde...