Can RBI shield rupee’s from falling more? Analysts expect up to $75 billion in fresh inflows
Reserve Bank of India’s monetary policy measures are seen a coordinated attempt to shift market perception of rupee from depreciation concerns towards stronger capital inflows. SBI Research estimates that the measures could trigger at least $40 billion in inflows, potentially supporting the rupee towards the 92–93 levels. At the same time, Kotak Securities places the … Read more