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Analysts see RBI measures steadying rupee, push back depreciation forecasts
The Indian rupee strengthened as falling crude oil prices and central bank measures to attract dollar inflows bolstered sentiment. Analysts have revised depreciation forecasts downward, with some expecting the rupee to trade around 93 in the short run. These steps aim to counter recent pressure that saw the rupee hit a record low.
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economictimes.indiatimes.com
RBI's reform package could pull $40-75b inflows, push rupee to 92-93 and keep August rate on hold
The RBI's recent announcements are expected to attract substantial foreign capital, potentially strengthening the rupee. Analysts anticipate the monetary policy committee will…
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timesofindia.indiatimes.com
Can RBI shield rupee’s from falling more? Analysts expect up to $75 billion in fresh inflows
Reserve Bank of India's monetary policy measures are seen a coordinated attempt to shift market perception of rupee from depreciation concerns towards stronger capital inflows.…
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thehindubusinessline.com
Goldman sees rupee weakness capped after steps to boost inflows
Goldman predicts capped rupee weakness after new measures to enhance foreign inflows, adjusting dollar/rupee forecasts accordingly.
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Rupee slumps as elevated crude, Treasury yields support dollar
The rupee falls 0.8% to 95.7075 per dollar amid rising crude prices and U.S. Treasury yield expectations.
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Analysts see RBI measures steadying rupee, push back depreciation forecasts
The Indian rupee strengthened as falling crude oil prices and central bank measures to attract dollar inflows bolstered sentiment. Analysts have revised depreciation forecasts…
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Rupee gains as oil retreat soothes, inflow expectations erode weakening bias
The rupee closed at 95.35 per dollar, up 0.4% from its close in the previous session.