荷兰国际集团：美印贸易协议预期升温，印度卢比明年有望上涨2%

Core Viewpoint - ING Bank NV predicts that the Indian Rupee will have the highest potential for appreciation among high-yield Asian currencies next year, driven by a potential US-India trade agreement [1] Currency Outlook - The report led by economist Dipali Bagavath indicates that the Rupee is expected to strengthen to 87 Rupees per US dollar by the end of 2026, representing an approximate 2% increase from current levels [1] - The Rupee is currently trading below its estimated fair value, making it one of the most undervalued currencies in Asia [1] Current Performance - The Indian Rupee is the second worst-performing currency in Asia this year, having depreciated by 3.5% against the US dollar [1] - A 50% tariff imposed by the US on India has pressured the Rupee, prompting intervention from the Reserve Bank of India to counter speculative bets against the currency [1] Trade Agreement Impact - Recent comments from US President Donald Trump suggest that the US and India are close to finalizing a trade agreement, which could improve the outlook for the Rupee [1] - As of the latest data, the Rupee is trading at 88.70 per US dollar, hovering near historical lows after two consecutive days of decline [1] Investment Sentiment - Economists believe that a positive outcome from trade negotiations could lead to a significant rebound in the Indian Rupee [1] - India remains a strong contender among high-yield currencies due to robust fundamentals, manageable fiscal risks, and ongoing diversification of supply chains attracting investment [1] Market Trends - With a decline in Indian stock market valuations and high bond yields in the region, investor sentiment towards Indian assets is gradually improving [1] - Major financial institutions, including Goldman Sachs, have shifted to increase their holdings in Indian stocks, anticipating a market rebound [1]