Rupee Set to Stay Rangebound as Inflows Offset Month-End Pressure

The Indian rupee is expected to remain largely rangebound this week as strong capital inflows and measures supporting the country’s balance of payments provide a cushion against month-end demand for dollars. The rupee closed at 95.6950 per dollar on Friday, down around 0.3% for the week, with intervention by the Reserve Bank of India helping …