Where will the rupee go from here?
Indian Express·1h ago·Neutral
What Happened
The Indian rupee has experienced extreme volatility since West Asia conflict began, with annualised daily volatility reaching 8.4% versus 5.2% previously. Trading in the 92.50-93.50 range after crossing 95, the currency faces speculative pressures, fluctuating dollar values, and import-export dynamics. The RBI intervenes through spot sales, forwards market positions, regulatory caps on bank currency positions at $100 million, and facilitating oil company dollar purchases to stabilise markets.
Key Entities
Indian RupeeRBI (Reserve Bank of India)West Asia conflictUSD/INR exchange rateCurrency volatilityOil marketing companies