RBI's measures may stabilize Indian Rupee, says Citi
after close1 source ↓written by the desknot a recommendation
- with USD/INR near
- 95.30
- in the near
- 93.0
- in the medium
- 95.0
The Indian Rupee has faced pressure, with USD/INR near 95.30. Citi forecasts that RBI's actions to attract foreign capital will support the Rupee, pushing USD/INR towards 93.0 in the near term. However, the bank warns of a potential rise back to 95.0 in the medium term as external concerns persist.
Not investment advice. For informational purposes only.