Goldman Reversal Mirrors Rupee’s Trade Improvement: Currencies

Firms from Goldman Sachs Group Inc. to Deutsche Bank AG are putting their faith in India’s rupee as the country looks forward to the biggest improvement in its broadest measure of trade in a decade.

Goldman Sachs, which ranked India as the most vulnerable Asian market in September, now predicts the rupee will beat peers from Brazil to South Africa and Turkey. Deutsche Bank, the largest foreign-exchange trader, and Barclays Plc say it’s their favorite emerging-market currency. The rupee has risen 6.8 percent against the dollar over the past six months, the most among 11 Asian currencies tracked by Bloomberg.