Rupee gains ground against dollar
The Rupee on Monday appreciated by 3 paisa against the US Dollar in interbank trading and closed at Rs 277.47, compared to the previous day’s closing of Rs 277.50. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market were recorded at Rs 277.60 and […]
Commerzbank strategists point to India's stronger-than-expected 7.8% Q2 2026 GDP growth as a sign of the country's relative growth advantage over the US Dollar. The Reserve Bank of India's (RBI) growth forecast for FY2026-27 could see an upward revision, given the impressive performance in the first quarter of the fiscal year, which saw an expansion of 8.6% (up from the initially reported 7.8%).
However, the strategists caution about potential risks from oil, food prices, and external demand. Despite the strong economic growth, the RBI's CPI inflation projection for FY2026-27 remains at 5.0%, suggesting that monetary policy may remain cautious for the time being.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
