USD/INR: RBI will be content with the stability – Commerzbank USDINR India InterestRate Inflation
RBI will remain vigilant and watchful on the inflation front. Lower commodity and oil prices have helped headline inflation to moderate to under 5% YoY in June. It is likely to remain around this level in Q3 but is expected to pick up in Q4, driven by the lower base and higher cost pressures. For USD/INR, RBI will be content with the stability. It continues to hold within the 81-83 range since the start of the year.
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