Indian Rupee is expected to appreciate.....!

As markets discount the RBI policy outcome where the Repo-rate was kept unchanged. The RBI governor feels that India's inflation rate has risks from volatile crude price and the unclear effects of the withdrawal of high denomination currency notes.

The Indian Rupee appreciated by 0.44 percent yesterday after the Reserve Bank of India in its fifth BI-Monthly Monetary Policy review kept its benchmark Repo-Rate unchanged at 6.25 cent. Other important rates were also kept at the same levels like the Reserve Repo-Rate at 5.75 percent and both marginal standing facility and bank rate stood unadjusted 6.75 percent Urjit Patel, the RBI governor, is of the opinion that there is heightened uncertainty in global markets like rate hike US and Trump's policies along with political risk in Euro-zone which could have a spill-over effect on emerging market economies including India. He feels that India's inflation rate has risks from volatile Crude price and the unclear effects of the withdrawal of high denomination currency notes...

 Outlook...!

Indian rupee is expected to appreciate as markets discount the RBI policy outcome where the Repo-Rate was kept unchanged. The RBI governor feels that India's inflation rate has risks volatile Crude price and the unclear effects of the withdrawal of high denomination currency notes..