Hawkish MPC, West Asia conflict cloud rupee, bond yield outlook
· economictimes.indiatimes.com
In light of the hawkish monetary policy minutes and the ongoing conflict in West Asia, the outlook for the rupee and bond yields appears uncertain. However, record forex inflows offer a cushion for the central bank, allowing it to manage currency pressures effectively. Analysts expect the rupee to fluctuate between 95.50 and 96.00, with interventions from the central bank.
ET Bureau Forces In Play: Oil prices and the prospect of higher sugar imports could also weigh, while $72.8 b in swap inflows will offer comfort to the central ...