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USD/INR continues to hold within the 81-83 range since the start of the year. Economists at Commerzbank analyze the Rupee outlook.
June headline inflation picked up to 4.8% YoY from 4.3% previously, led by higher food prices. This was still well within the Reserve Bank of India’s (RBI) 2-6% inflation target range. It was mainly due to higher food prices which are expected to rise further in the coming months. However, the good news for RBI is that core inflation, which strips out food and energy, remained well-behaved and unchanged at 5.2%.
There are no compelling reasons for RBI to alter its course of action at this juncture. It is adopting a wait-and-see attitude with a slight tilt to the hawkish side.
The strong economic backdrop and stable inflation picture are contributing to a stable INR.
风险提示:本文所述仅代表作者个人观点,不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证,对于基于该内容所采取的任何行为,不承担任何责任,除非另有书面明确说明。

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