Forexserve

The Indian Rupee found support today, aided by the Reserve Bank of India’s intervention and a dip in crude oil prices. Reports of US President Donald Trump engaging with Russian and Ukrainian leaders to discuss ending the war boosted sentiment, benefiting...

While USD/INR is making new highs at 87.56, panic buying by importers, rising trade war expectation and policy uncertainty are driving the volatility. If the RBI signals a cautious approach to rate cuts, the rupee could find some support. However, if the central bank...