Continued strong economic momentum contributing to a relatively stable INR – Commerzbank USDINR India InterestRate Growth Banks
Headline inflation has moderated in recent months to around 4% in May. This was helped by lower food and energy prices. It is back to the middle of RBI’s 2-6% inflation target. It provides scope for RBI to stay on hold for the foreseeable future.
The strong growth picture, stable inflation, and net equity inflows are all contributing to a relatively stable INR. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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