How geopolitics and RBI are shaping Rupee ahead of MPC

Analysts anticipate the Indian rupee entering a stable phase soon. Global crude oil prices will continue to significantly influence the currency's movement. Sustained high oil prices may increase inflation and widen India's current account deficit. However, a steep depreciation in the rupee is not expected by experts. The Reserve Bank of India's monetary policy meeting in August is also a key event.

By TOI BUSINESS DESK