Oil on edge, rupee steady: How geopolitics and RBI are lifting the currency ahead of Monetary policy committee meeting
Rupee has spent months reacting to every twist in the Middle East conflict and every jump in global crude oil prices .
But analysts now believe that the currency could be entering a more stable phase, with no sharp depreciation expected ahead of the Reserve Bank of India 's (RBI) Monetary Policy Committee (MPC) meeting in August. Instead, they see the currency continuing to move in line with global crude oil prices while trading within a broadly stable range.
But analysts now believe that the currency could be entering a more stable phase, with no sharp depreciation expected ahead of the Reserve Bank of India 's (RBI) Monetary Policy Committee (MPC) meeting in August. Instead, they see the currency continuing to move in line with global crude oil prices while trading within a broadly stable range.
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