USD/INR: RBI will be content with Rupee stability – Commerzbank

Market news

6 November 2023

USD/INR: RBI will be content with Rupee stability – Commerzbank

USD/INR has been rather stable at just above the 83.00 level for the past five weeks. Economists at Commerzbank analyze Rupee’s outlook.

RBI unlikely to consider a shift to an easier policy stance anytime soon

RBI would need to stay vigilant on the inflation front. Headline inflation moderated to 5% YoY in September and back within RBI’s 2-6% target range.

However, RBI is unlikely to consider a shift to an easier policy stance anytime soon. It is expected to keep rates steady at 6.50% for the foreseeable future.

RBI will be content with the stability in INR.

USD/CHF continues the losses for the fourth day, trades near 0.8980

Pound Sterling capitalizes on improved market sentiment, UK GDP in focus

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