
Indian rupee traders are evaluating the currency's near-term outlook in the New Year following significant intervention by the Reserve Bank of India (RBI) in December. The RBI's actions, including heavy dollar sales, influenced price action and established the 90 level as a potential support. Analysts anticipate thin volumes and range-bound trade initially, with the dollar index's performance and Federal Reserve rate cuts expected to be key factors for the rupee and its Asian peers.
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