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The RBI is "likely to defend 84.40 in the near-term but it (USD/INR) should gradually move higher to 84.50," a trader at a mid-sized private bank said.
On Monday, the RBI said the reclassification facility will not be permitted in any sector prohibited for FDI. To opt for the reclassifications, FPIs must obtain the necessary government approvals, ...
The RBI is "likely to defend 84.40 in the near-term but it (USD/INR) should gradually move higher to 84.50," a trader at a mid-sized private bank said. (Reporting by Jaspreet Kalra; Editing by Savio D ...
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