# Indian rupee to rise modestly against dollar in next three months

> Reuters forecasts that the Indian rupee will strengthen only marginally against the US dollar over the next three months. The Reserve Bank of India is expected to use its foreign exchange reserves to manage volatility.

- Date: 2024-04-04 · published 2024-04-04T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/31012-indian-rupee-to-rise-modestly-against-dollar-in-next-three-months
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A stable rupee with RBI intervention limits sharp swings in India's import costs, so it has little direct effect on feed commodity prices.

## Read by commodity

- USDINR: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/indian-rupee-rise-modestly-against-dollar-next-three-months-2024-04-04/

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