UBS AM turns positive on rupee, neutral on govt debt

The Indian rupee's slide against the dollar has increased its allure for UBS Asset management ahead of a long-anticipated trade deal with the US, even as it remains neutral on Indian bonds. The Indian rupee has recovered partially from a record low of 91.0750 hit earlier in the month, but still remains down nearly 5% in 2025, the worst performing major Asian currency this year.