USD/INR: RBI will be content with Rupee stability – Commerzbank

USD/INR has been rather stable at just above the 83.00 level for the past five weeks. Economists at Commerzbank analyze Rupee’s outlook.

RBI unlikely to consider a shift to an easier policy stance anytime soon

RBI would need to stay vigilant on the inflation front. Headline inflation moderated to 5% YoY in September and back within RBI’s 2-6% target range. 

However, RBI is unlikely to consider a shift to an easier policy stance anytime soon. It is expected to keep rates steady at 6.50% for the foreseeable future. 

RBI will be content with the stability in INR.