💨 Abstract
The Indian rupee is expected to trade in a tight range around current levels against the U.S. dollar over the next year, according to a Reuters poll. The Reserve Bank of India (RBI) has been consistently dipping into its foreign exchange reserves to maintain currency stability. Despite foreign portfolio investments leaving India in October, the rupee has shown resilience, losing just over 1% this year.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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