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
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