Commerzbank analysts report that USD/INR continues to trade within a stable 94-97 range, as the Reserve Bank of India's hawkish policy stance prevents significant dollar appreciation.
USD/INR remains range-bound between 94 and 97 as RBI's hawkish stance supports the rupee, limiting upside for the dollar.
The USD/INR currency pair remains range-bound between 94 and 97, according to Commerzbank strategists. Despite a slight uptick, the Reserve Bank of India's hawkish monetary policy continues to provide a floor for the rupee, effectively capping upside potential for the dollar.
The pair is expected to remain range-bound between 94 and 97, supported by the Reserve Bank of India's hawkish monetary policy.