# Nomura bets on rally in Indian rupee spurred by inflows, softer RBI intervention | Business News

> Nomura expects the rupee to rally about 2% to 82 per dollar by end-August, citing portfolio inflows, a less aggressive RBI and possible US rate cuts. The bank noted the RBI has regularly intervened to prevent rupee appreciation.

- Date: 2024-07-02 · published 2024-07-02T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/29570-nomura-bets-on-rally-in-indian-rupee-spurred-by-inflows-softer-rbi-intervention
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A stronger rupee would make dollar-priced Indian feed imports cheaper, but the RBI's intervention limits the expected move.

## Read by commodity

- USDINR: neutral

## Sources

- hindustantimes.com: https://www.hindustantimes.com/business/nomura-bets-on-rally-in-indian-rupee-spurred-by-inflows-softer-rbi-intervention-101719902882334.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.