Rupee Could Strengthen Further; RBI May Stay on Sidelines, Says Bank of America

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Room to Appreciate

Bank of America’s Vikas Jain says the rupee may rally another 1.5–2% in coming months

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RBI Likely Hands-Off

Despite strong forex reserves, RBI isn’t expected to actively intervene or accumulate new reserves soon

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Trade Deal Boost

The India–US trade deal has lifted rupee sentiment, though volatility still matters for FX flows

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Seasonal Support

February and March are historically strong months for foreign portfolio inflows, supporting the rupee

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Current Account Tailwind

A positive current account is expected soon, further aiding rupee strength

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Rupee Could Strengthen Further; RBI May Stay on Sidelines, Says Bank of America

Room to AppreciateBank of America’s Vikas Jain says the rupee may rally another 1.5–2% in coming months

RBI Likely Hands-OffDespite strong forex reserves, RBI isn’t expected to actively intervene or accumulate new reserves soon

Trade Deal BoostThe India–US trade deal has lifted rupee sentiment, though volatility still matters for FX flows

Seasonal SupportFebruary and March are historically strong months for foreign portfolio inflows, supporting the rupee

Current Account TailwindA positive current account is expected soon, further aiding rupee strength