Indian Rupee: Range-bound with RBI Support Against US Dollar – Commerzbank Analysis

Commerzbank analysts see USD/INR staying broadly stable, underpinned by active Reserve Bank of India (RBI) support and its decision to keep the policy repo rate at current levels. This fosters a range-bound environment for the Indian Rupee against the US Dollar, despite broader dollar strength. The RBI's intervention is key to managing volatility, suggesting tactical trading within established ranges.