Home / Business and Economy / Rupee Weakens? Market Sees Mid-Teens Returns by 2026
Rupee Weakens? Market Sees Mid-Teens Returns by 2026
17 Dec, 2025
Summary
- Indian rupee may weaken in the medium to long term.
- Stock market potentially to deliver low to mid-teen returns in 2026.
- Improving earnings and macro backdrop support market outlook.
Shahzad Madon, MD and CEO of TCG Asset Management Company, suggests that the Indian rupee might experience a downward trend in the medium to long term, while acknowledging the difficulty in predicting its short-term fluctuations.
Madon expressed a positive outlook for the Indian stock market, projecting potential returns ranging from the low to mid-teens by the year 2026. This forecast is bolstered by anticipated improvements in company earnings and a favorable overall macroeconomic situation.
In a recent interview, Madon elaborated on his views concerning the stock market's future performance, the expected path of the rupee, and the potential interest rate policies of both the Reserve Bank of India and the US Federal Reserve.
