Ajay Bagga Calls For NRI Bonds & Tax Relief To Support Falling Rupee

The Indian rupee could face more pressure ahead as foreign investor outflows, trade deficit concerns and global currency dynamics continue to weigh on sentiment. In this conversation, Ajay Bagga shares his outlook on the rupee and explains why he believes the currency could eventually move towards the 100 mark against the US dollar. He discusses the limitations of India’s forex reserves, the impact of FPI selling, NRI flows and the growing popularity of shorting the rupee in global markets. Ajay Bagga also suggests measures like NRI bonds, tax concessions and stronger confidence-building steps to attract foreign capital and stabilise the currency. The discussion also touches upon RBI intervention, remittance flows from the Gulf and broader macroeconomic risks facing India.