Rupee poised for gains amid RBI measures
The Indian rupee is expected to strengthen to the 92.80-92.90 range in the coming sessions, supported by spillover effects from Reserve Bank of India's recent curbs on currency volatility. The RBI's interventions have helped stabilize the rupee after recent weakness. However, gains may be limited by rising crude oil prices and continued foreign portfolio outflows from Indian markets. Analysts suggest the rupee will likely trade in a narrow band as these opposing forces balance each other out. The currency's performance will remain closely tied to global oil movements and foreign investor sentiment toward emerging markets.
