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Rupee expected to rally as RBI unveils fresh measures
Original: Indian rupee to rally on fresh RBI measures, bonds eye inflation prints
India's rupee is expected to strengthen following fresh measures announced by the Reserve Bank of India, according to a Reuters report. Traders are also watching upcoming inflation data for direction on Indian bonds. The measures are aimed at supporting the currency, which has faced sustained pressure, and markets are now assessing how far the central bank will go to stabilise it.
Why now: Fresh RBI measures on the rupee and upcoming inflation data are directly relevant to currency and bond traders right now.
Indian rupeeReserve Bank of IndiaReuters
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