New Delhi, Dec. 18 -- The Indian Rupee, which has been under pressure in recent times, is likely to bounce back strongly in the second half of the next financial year, from October 2026 to March 2027, according to a report by the State Bank of India (SBI).

The report said the rupee is currently in a depreciating phase, but this trend is expected to reverse over time. SBI noted that past trends and its own analysis suggest that the rupee will exit the present depreciation regime and regain strength in the latter half of the next fiscal year.

It stated "we believe that the Rupee is likely to bounce back strongly in the second half of next fiscal"

According to the report, earlier movements in the rupee were largely influenced by strong fo...