Re nears 85 as rate cut bets rise
Financial Express Chennai|December 11, 2024
THE MARKET WILL closely watch the new governor's strategy of handling pressure on the rupee.

"The market expects the new governor to be more flexible in his policies related to dollar-rupee. As real effective exchange rate remains above 107.21 in October, expect the rupee to reach 85 by month end and 85.50 by March end," said Anil Kumar Bhansali, head of treasury at Finrex Treasury Advisors.

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