Rupee Has Room to Appreciate, RBI Unlikely to Intervene, Says Bank of America’s Vikas Jain
India’s currency markets began 2026 with renewed optimism as the rupee showed signs of appreciation, supported by strong macroeconomic fundamentals and resilient capital inflows. Bank of America’s strategist Vikas Jain stated that the rupee has room to strengthen further, while the Reserve Bank of India (RBI) is unlikely to intervene aggressively in the near term….