Goldman Sachs backs bullish rupee wager on tariff turnaround

The Goldman Sachs is advising clients to adopt a bullish stance on the Indian rupee, predicting a 1-2 % appreciation in the next few months. Their thesis hinges on improved trade relations between India and the U.S. and potential tariff relief. Given the rupee’s recent low around 88.80 to the dollar, the strategy includes exotic option trades to benefit if the currency strengthens. Analysts say this view reflects growing confidence in India’s trade diplomacy and currency outlook despite capital-flow risks.