Mumbai, February 18, 2025: According to a report by Bank of Baroda (BoB), the Indian Rupee is expected to trade within the range of 86.5-87.5 per US Dollar in the near term. The report suggests that the Indian currency will face pressure due to factors such as global economic uncertainties and foreign exchange outflows, with limited intervention anticipated from the Reserve Bank of India (RBI) to stabilize the rupee.
The RBI is expected to adopt a more cautious approach, intervening only when necessary to prevent excessive volatility. As the rupee navigates these challenges, BoB’s report highlights that the currency will likely remain within the specified range until there is more clarity on global market conditions and domestic economic developments.
