USD/INR: Stability seems to be the focus for RBI – Commerzbank

Economists at Commerzbank discuss Reserve Bank of India (RBI) policy outlook.

There are few reasons for RBI to adjust policy

“There is a good mix between economic and price stability. As such, there are few reasons for RBI to adjust policy.”

“We expect RBI to leave rates unchanged at 6.50% at the next meeting on 8 June and possibly for the rest of the year.”

“For USD/INR, stability seems to be the focus for RBI. It has held within a narrow 2% range since the start of the year, between 81-83.”