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Rupee's slide may continue despite higher rate cut expectations: Survey

Business Standard LogoBusiness Standard19h ago

Rupee's slide may continue despite higher rate cut expectations: Survey - Business Standard

Quick Summary:

But in response to an additional question, a strong majority of analysts - 15 of 21 - said the RBI would reduce its pace of market intervention in the near term."Intervention should be a last resort, as it was in the past.

The rupee was forecast to remain near Thursday's 85.84 per dollar and to be at 85.50 in three months, before weakening to 86.00 in six months.

While remaining the fastest-growing major economy, growth in India has slowed to just above 5 per cent and markets expect a rate cut from the RBI in February, despite inflation sticking well above the RBI's 4 per cent medium-term target.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 17:42:28 (19 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 516 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24998324

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 281 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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