USD/INR to consolidate around the 82.00 level near term – Commerzbank USDINR InterestRate Inflation Banks
The Indian Rupee did not gain much ground against the US Dollar in the past few sessions. Economists at Commerzbank expect the“Given strong domestic demand and elevated core, RBI is likely to stick with a hawkish bias and deliver another 25 bps hike to 6.75%. However, it will also keep a close eye on global developments and the contagion effects from the US bank failures.”
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