Societe Generale analysts highlight RBI’s aggressive FX moves as markets await Friday’s potential 25 bp rate hike.
The Indian Rupee has stabilized below 95.00 against the dollar following aggressive intervention by the Reserve Bank of India. Analysts note the central bank’s efforts to curb volatility ahead of its monetary policy decision on Friday.
Markets are pricing in a possible 25 basis point rate hike, reflecting regional tightening trends. The RBI’s dual focus on currency stability and inflation control remains under scrutiny as external pressures persist.
No immediate market reaction was specified, but traders are closely monitoring the central bank’s next move for directional cues.