RBI's measures may stabilize Indian Rupee, says Citi
pre-market1 source ↓written by the desknot a recommendation
- against the USD
- ₹95.30
- in the near
- ₹93.0
- later
- ₹95.0
The Indian Rupee is under pressure, trading near ₹95.30 against the USD. Citi forecasts that recent RBI actions, including incentives for foreign investment, could 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 later on.
Not investment advice. For informational purposes only.