![Rupee is rangebound in the short term, but it will increase somewhat in a year.](https://market-tracker.in/wp-content/uploads/2023/05/usd-likely-nipped-by-cenbank.jpg)
Rupee is rangebound in the short term, but it will increase somewhat in a year.
On the strength of positive macroeconomic developments and views that the U.S. Federal Reserve is reaching the end of its rate hike cycle, the rupee will maintain its current gains versus the dollar in the next months and will strengthen somewhat in a year, according to a Reuters poll. The Reserve Bank of India (RBI)…