Indian Rupee firms after hitting record low

AHMEDABAD, 27 MARCH: The Indian rupee strengthened to around 94.1/$, recovering from a record low, as markets factored in expectations that the RBI would keep its key repo rate steady at 5.25% on April 8 and maintain this stance at least until mid-2027.Persistently low inflation, below the RBI’s medium-term target of 4%, combined with steady economic growth, has bolstered investor confidence and given the central bank flexibility to manage the impact of the US-Israel conflict with Iran on oil prices and overall price stability.Investor sentiment was further supported after Iran allowed India and several other “friendly nations” to continue using the strategic Strait of Hormuz for commercial shipping, easing concerns over potential LPG and petrol supply disruptions.By securing access for India and key trade partners, the move helps mitigate energy supply risks, providing additional backing to the rupee amid ongoing geopolitical tensions. – By Mr. Jigar Trivedi, Senior Research Analyst at Indusind Securities
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(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)