Rupee at 92 or 100 per dollar? GTRI and Axis Bank differ on how long India's currency rally can last

The rupee's recent recovery has produced contrasting forecasts, with GTRI expecting the currency to strengthen towards ₹92–93 per dollar while Axis Bank Research predicts a decline to ₹100 by June 2027. The divergence raises a crucial question: Can falling crude prices and returning foreign investors sustain the rally, or will structural pressures eventually weaken the currency?