Fitch Sees India Rupee Rebounding to 82 Per Dollar on Bond Inflows
- RBI may absorb flows to keep the currency stable, Zook says
- Rating firm’s forecast stronger than Bloomberg survey estimate
The rupee is expected to appreciate to 82 per dollar by the year-end, from about 83.50 currently.
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The potential big foreign inflows into Indian bonds will help the rupee recover from near a record low, but the nation’s central bank is likely to limit the extent of gains, according to Fitch Ratings.