Rupee Weakness 'Momentary Aberration' Amid US Tariffs, Says Forex Expert

The recent demand for the US dollar from importers has been one-sided, as companies have ceased selling the currency in response to new US tariffs on India, according to Abhishek Goenka, the founder of India Forex and Asset Management. However, he believes that this is a temporary aberration and that there is no fundamental reason for the rupee to experience significant depreciation. He points to several stable economic indicators, including sustained oil prices below $70 per barrel, a contained current account deficit, and a healthy fiscal situation.