The Indian rupee’s motion this week will rely upon the continuation of greenback inflows and the way a lot the central financial institution permits the foreign money to strengthen, whereas bond yields are anticipated to say no additional.
Final week, the rupee surged by 1.2% to 85.9725 per U.S. greenback, marking its greatest weekly efficiency in two years, pushed by sustained inflows by way of overseas banks and the unwinding of brief positions on the foreign money.