MUFG Bank
MUFG Bank is the largest bank in Japan and one of the largest financial institutions globally, serving as the core banking subsidiary of Mitsubishi UFJ Financial Group. The bank provides comprehensive financial services including corporate banking, investment banking, and retail banking operations across more than 40 countries.
Claims from MUFG Bank
MUFG Bank"We continue to view the Indian Rupee as vulnerable across a range of scenarios on the Strait of Hormuz, with USD/INR likely moving towards 98.00 levels, and even 100.00 is in sight if the conflict prolongs or escalates."May 15, 2026
Controversy:Will USD/INR Exceed ₹98.0 Before 2027?