neutral
Recently
India’s rupee outlook supported by RBI intervention and range-bound bonds
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Rupee stabilises after RBI action and steady bonds; upcoming data and policy commentary key.
The Indian rupee is anticipated to open in a narrow range amid recent proactive intervention by the Reserve Bank of India (RBI) and stabilising importer-dollar demand. With the 10-year government yield at 6.5131% and global inflation worries easing, bonds are expected to remain range-bound. Markets will be closely watching upcoming data and RBI commentary for cues on further rate cuts.