The rupee’s decline over the past four years reflects a complex interplay of fundamentals, RBI intervention and market sentiment. A Bank of Baroda analysis finds no single dominant driver, with RBI spot and forward operations emerging as significant factors. The report expects the rupee to trade in the Rs 94.5-96 range near term.
The rupee’s decline over the past four years reflects a complex interplay of fundamentals, RBI intervention and market sentiment. A Bank of Baroda analysis finds no single dominant driver, with RBI spot and forward operations emerging as significant factors. The report expects the rupee to trade in the Rs 94.5-96 range near term.
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