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Rupee near 97: Rupee faces multi-front pressure; SBI Research calls for immediate protective measures

Source: Business Today

The rupee is facing multi-front pressure from FPI outflows, stronger dollar demand and a sharp rise in global bond yields, with the currency nearing the 97-per-dollar mark. SBI Research said the RBI’s ability to intervene meaningfully and thwart speculative forces will be a key test as pressure on the currency intensifies.

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This digest is published with acknowledgment to Business Today. For the complete analysis, headnotes, and citations, please refer to the source.

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