Indian Rupee: INR stabilizes on RBI stance – DBS
The post Indian Rupee: INR stabilizes on RBI stance – DBS appeared on BitcoinEthereumNews.com. DBS Group Research economist Radhika Rao notes that the Indian Rupee has appreciated from near 97.00 to the mid-95.00 area on hopes of easing West Asia tensions, lower Oil prices, and central bank support. She highlights RBI Governor Malhotra’s comments on Rupee undervaluation, a record RBI dividend to the FY27 Budget, and limited fiscal slippage risks. Rupee supported by policy and flows “Hopes of a resolution to the West Asia tensions leading to lower oil prices, along with central bank intervention and expectations of a rate hike, have supported rupee’s appreciation over the past few sessions, from near 97.00 low to mid-95.00 on Monday, up a cumulative ~1.5%.” “RBI Governor Malhotra’s observation that the rupee appeared undervalued signalled a notable shift from the traditionally restrained approach toward commenting on currency valuation.” “Add to this, the inflation rationale has also ga