💨 Abstract

The Bank of Baroda report predicts the Indian rupee to trade with an appreciating bias in the 84-85 per USD range, due to favorable domestic and global factors. These factors include a weaker US dollar, lower global oil prices, and improved investor sentiment towards emerging markets, particularly India. The report attributes this shift in sentiment to a softer stance by the US on tariffs and significant progress in trade talks with key partners.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖