Rupee Vs Dollar: Indian Rupee Set To Recover? Amit Goel Shares Big View

While global markets like Taiwan, South Korea, and Japan have delivered massive multi-bagger returns, Indian markets have struggled to keep pace. Amit Goel of Pace360 highlighted that India currently lacks dominant themes like AI, crypto, and GCC-driven momentum that are powering global equities. He pointed out that many overseas stocks are available at much cheaper valuations compared to Indian companies, making foreign markets more attractive for investors. However, amid concerns around FII selling and rupee weakness, Amit remains optimistic on the Indian currency. He believes the worst of the rupee depreciation may be behind us, with chances of recovery toward the 92-93 range if geopolitical tensions ease and foreign selling slows down. He also expects RBI intervention to stabilize the currency and rebuild forex reserves over time.