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Commerzbank says resilient Indian growth is modestly supportive of the rupee ahead of the Q2 GDP release, with consensus expecting 7.3% year-on-year growth. The RBI projects FY2026-27 growth of 6.7% and inflation of 5.0%, and Commerzbank expects USD/INR to stay in a 94-96 range driven by oil, the broader dollar and RBI intervention.
A stable rupee range keeps dollar-priced feed import costs predictable for Indian buyers, while oil and dollar moves remain the main swing factors.
fxstreet.comFXStreet Insights TeamAug 31, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
