Loading…
Citigroup's local markets head said the Reserve Bank of India is likely to start buying dollars for reserves once the rupee strengthens to around 88–89 per dollar. Citi expects the rupee to trade in a 90-plus band in the short term.
Reserve accumulation would absorb dollar inflows and limit rupee gains, so the currency is likely to stay weak against the dollar and keep Indian import costs elevated.
bloomberg.comBhaskar Dutta, Subhadip SircarMar 1, 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.
