VERIFIEDET Markets·25 Sept 2026neutral

Explained: What really drives the rupee? Decoding the forces behind currency moves

AI Summary

·The rupee's decline over four years is driven by fundamentals, RBI intervention, and market sentiment.
·A Bank of Baroda analysis identified RBI spot and forward operations as significant factors.
·The rupee is expected to trade between Rs 94.5 and Rs 96 in the near term.