RBI unlikely to cut rates amid oil volatility concerns
pre-market1 source ↓written by the desknot a recommendation
- against the dollar
- ₹93-95
Kotak Mahindra Bank's Chief Economist Upasna Bhardwaj stated that a rate cut by the RBI is unlikely if oil volatility continues. This situation could lead to the rupee weakening to ₹93-95 against the dollar, impacting inflation and the current account deficit. Traders should monitor crude prices closely for potential market shifts.
Not investment advice. For informational purposes only.