Currencies
Rupee Poised for More Losses as RBI Focuses on Monetary Easing
- IDFC First sees rupee weakening to 89.50/USD by end-2025
- Rupee’s rally Tuesday triggered stop losses on trading floors
Bundles of 500 rupee banknotes at a currency exchange store in New Delhi.
Photographer: Prakash Singh/BloombergThis article is for subscribers only.
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The Indian rupee’s biggest one-day jump in almost two years caught traders off guard, but the gains may be short-lived due to monetary easing and rising global volatility.