Rupee likely steadied by central bank hand as U.S. tariff pressures linger

The rupee shuffled near its all-time low, remaining Asia’s worst performer despite RBI intervention. However, foreign portfolio inflows from two large IPOs, totaling over $3 billion, are expected to offer some relief this week. Analysts also foresee potential bond inflows, though their impact on FX might be limited due to hedging.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *