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Labrish
Nyuuz
Rupee dips past 88, RBI may step in to curb volatility
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[QUOTE="Munyaradzi Mafaro, post: 60315, member: 636"] The Reserve Bank of India plans intervention measures after the rupee dropped past 88 against the dollar amid tariff fears and foreign investor withdrawals. CareEdge Ratings predicts the currency will stabilize between 85 and 87 by fiscal year 2026 end. The nation maintains foreign exchange reserves near record levels at $703 billion. This substantial buffer provides monetary authorities with tools to combat excessive market swings. Policy makers anticipate continued weakness from American trade policies and visa fee increases. Foreign portfolio investors have accelerated their selling activity this year over potential 50 percent tariff implementations. Such trade barriers could reduce India's economic expansion to approximately 6 percent in fiscal 2026. Direct investment inflows totaled $25.2 billion during the first quarter while net flows decreased to $4.9 billion. The dollar index has declined 10 percent annually as trade uncertainty persists. Meanwhile, the Chinese yuan gained 2.5 percent against major currencies, reducing competitive pressures on regional markets. [/QUOTE]
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Labrish
Nyuuz
Rupee dips past 88, RBI may step in to curb volatility
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