News > rupee: RBI likely to step in to stabilise rupee in forex market

rupee: RBI likely to step in to stabilise rupee in forex market

The Outreach | 21/02/2022 09:32 AM | Click to read full article

rupee 's value amid simmering geopolitical tensions on the Ukraine frontier, and ahead of the country's biggest public share sale to date."The rupee is likely to turn volatile, losing value to the dollar amid geopolitical tensions," said Bhaskar Panda, executive vice-president, HDFC Bank.

Some bullish traders expect the rupee to firm up, perhaps as high as 73.80 to the dollar, on strong corporate inflows and export earnings.