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A Reuters poll found the rupee will stay in a tight range and gain only slightly against the dollar over the coming year. The Reserve Bank of India is expected to keep intervening in currency markets, and the rupee has risen only 0.2% so far this year.
Limited expected rupee appreciation and continued RBI intervention suggest USD/INR will stay near current levels, with little relief for Indian importers' dollar costs.
reuters.comMilounee PurohitFeb 7, 2024Not 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.
