Stable to lower USD/INR in 2023, seen at 81.50 by year-end – Commerzbank USDINR Banks India
“The RBI is expected to tighten policy further by another 30-50 bps in the next six months. Nevertheless, RBI is nearing the end of its tightening cycle.”
“Inflation is expected to have averaged 6.8% in 2022. RBI is projecting inflation to dip below 6% in Q1 2023 but it is expected to hold at around 5% in 2023. This should pave the way for RBI to pause rate hikes but not enough to cause them to cut.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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