INR Under Stress as Market Eyes Q3 GDP Data Release

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Rupee Under Pressure:

Indian rupee trades around 91 vs dollar ahead of critical Q3 GDP data release on February 27. Currency faces headwinds from multiple fronts.

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GDP Expectations Mixed:

SBI projects Q3 GDP at 8.1%, CareEdge estimates 7.2%. New base year (2022-23) revision makes comparisons difficult. Market awaits clarity on growth trajectory.

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Trade Deficit Concerns:

Record $41.68 billion trade deficit, 50% US tariffs on exports, and rising oil/gold imports create sustained pressure on rupee fundamentals.

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FII Flows Turn Positive:

Foreign investors bought ₹4,361 crore in February after 7-month selling streak. US-India trade deal optimism improves sentiment but volatility remains high.

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RBI's Cautious Stance:

Central bank sold only $10.9 billion in Q3 vs $38 billion in Q4 2024. Adopts calibrated intervention approach, allowing gradual currency adjustment rather than defending levels.

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INR Under Stress as Market Eyes Q3 GDP Data Release

Rupee Under Pressure: Indian rupee trades around 91 vs dollar ahead of critical Q3 GDP data release on February 27. Currency faces headwinds from multiple fronts.

GDP Expectations Mixed: SBI projects Q3 GDP at 8.1%, CareEdge estimates 7.2%. New base year (2022-23) revision makes comparisons difficult. Market awaits clarity on growth trajectory.

Trade Deficit Concerns: Record $41.68 billion trade deficit, 50% US tariffs on exports, and rising oil/gold imports create sustained pressure on rupee fundamentals.

FII Flows Turn Positive: Foreign investors bought ₹4,361 crore in February after 7-month selling streak. US-India trade deal optimism improves sentiment but volatility remains high.

RBI's Cautious Stance: Central bank sold only $10.9 billion in Q3 vs $38 billion in Q4 2024. Adopts calibrated intervention approach, allowing gradual currency adjustment rather than defending levels.