# Indian rupee to gain slightly this year amid continued RBI intervention - Reuters poll | Reuters

> 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.

- Date: 2024-02-07 · published 2024-02-07T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/31966-indian-rupee-to-gain-slightly-this-year-amid-continued-rbi-intervention-reuters
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Limited expected rupee appreciation and continued RBI intervention suggest USD/INR will stay near current levels, with little relief for Indian importers' dollar costs.

## Read by commodity

- USDINR: neutral

## Sources

- reuters.com: https://www.reuters.com/world/india/indian-rupee-gain-slightly-this-year-amid-continued-rbi-intervention-2024-02-07/

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