Barclays

FX Outlook 2026: Navigating the Turn

LIVE28 November 2025USD bearish

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USD/INR

Name: Investment Bank FX Research Directory
Creator: FX Bank Forecast
License: https://fxbankforecast.com/terms
Keywords: bank FX research, investment bank reports, FX strategy, institutional research directory, bank forecasts

INR steady with RBI support. Low beta limits upside but provides defensive posit

Neutral

BARC Forecast Path

Cross-Firm Forecast Comparison

Key Drivers

RBI support

Low beta

Growth premium

Current account

Portfolio flows

All Firm Targets (Dec '26)

JPMNeutral88.60

BARCNeutral86.50

GS86.50

ING86.50

MUFG86.50

MS86.00

BofAModerately Bullish85.50

DBModerately Bullish85.00

Analysis Summary

INR steady with RBI support. Low beta limits upside but provides defensive positioning. Targeting 86.50.

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