Indian Rupee: RBI Expected to Support 97 Band Onshore, According to Societe Generale
The Reserve Bank of India (RBI) is anticipated to uphold the 97 band for the Indian rupee in the onshore market, as indicated in a report by Societe Generale. This comes as the currency continues to experience ongoing depreciation pressures amid global economic challenges. Factors Contributing to the Rupee's Decline: The Indian rupee has faced sustained downward pressure against the U.S. dollar, influenced by various economic factors.
The Reserve Bank of India (RBI) is anticipated to uphold the 97 band for the Indian rupee in the onshore market, as indicated in a report by Societe Generale. This comes as the currency continues to experience ongoing depreciation pressures amid global economic challenges. Factors Contributing to the Rupee's Decline: The Indian rupee has faced sustained downward pressure against the U.S. dollar, influenced by various economic factors.
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