Indian rupee to rise modestly against dollar in next three months: Reuters poll
© Reuters. FILE PHOTO: A currency trader is pictured through the symbol for the Indian Rupee on the floor of a trading firm in Mumbai May 31, 2013. REUTERS/Vivek Prakash/File PhotoBENGALURU - The Indian rupee will strengthen only marginally against the U.S. dollar over the coming three months as the Reserve Bank of India uses its foreign exchange reserves to manage volatility and keep the currency relatively strong, a Reuters poll found.
"The RBI's two-way FX intervention to keep the rupee stable has capped volatility compared to USD/Asia. The RBI has been building up its foreign currency reserves, whenever possible, which are now at record high," noted Dhiraj Nim, a forex strategist at ANZ. That outlook has remained largely unchanged for several months and has been unaffected by the greenback's relative strength so far this year.
"The key risk to INR trajectory will be a further push back in the Fed's rate-cut cycle beyond June," said Aditi Gupta, an economist at Bank of Baroda.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
USD/INR rebounds on weaker US Dollar, geopolitical tensions eyedIndian Rupee (INR) recovers some lost ground on Tuesday amid the weaker US Dollar (USD).
Baca lebih lajut »
USD/INR attracts some buyers ahead of Fed rate decisionIndian Rupee (INR) loses momentum near its lowest in a month on Wednesday.
Baca lebih lajut »
USD/INR extends rally, investors await Fed rate decisionIndian Rupee (INR) weakens on Tuesday on US Dollar (USD) purchases by state-run banks.
Baca lebih lajut »
USD/INR loses traction ahead of Indian, US Manufacturing PMI dataIndian Rupee (INR) trades on a stronger note on Monday despite the stronger US Dollar (USD).
Baca lebih lajut »
U.S. eyes change to military command in Japan as China threat looms: ReutersPresident Biden and Prime Minister Kishida will tighten military cooperation and discuss potential changes to the East Asia command structure, said two sources.
Baca lebih lajut »
China pushes banks to speed up approvals of new loans to private developers: ReutersChinese regulators are pushing banks to speed up approvals of new loans to cash-starved private property developers, people with knowledge of the matter said.
Baca lebih lajut »