Citi Bankers Forecast Strong ECM Pipeline and Potential Rupee Recovery
**India Equity Strong Momentum Expected in 2026** 📈
The equity capital markets in **India** are forecast to maintain their strong performance throughout **2026**. This positive outlook is supported by a confluence of factors, primarily **high valuations**, a robust pipeline of **Initial Public Offerings (IPOs)**, and sustained activity from **private equity exits**.
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**Currency and Overseas Fundraising** 💵
A recovery in the **Indian Rupee (INR)** is anticipated following its comparative weakness observed in **2025**. This stabilization is linked to an expected easing of current tariff-related uncertainties.
Upcoming reforms to the **External Commercial Borrowing (ECB)** guidelines are poised to create a more favorable environment. These potential changes are expected to significantly **boost overseas fundraising activity** for Indian corporations.