Rupee set to open weaker as oil pressure builds, RBI support in focus
EUR/USD — All Desk Targets
28 desks
| Firm | Stance | YE 2026 |
|---|---|---|
UOB | Bearish | 1.1140 |
ABN AMRO | Bullish | 1.1500 |
Bank of America | Bullish | 1.1500 |
From the original
The rupee's weakness is a fairly direct read through of the broader oil driven risk premium building around the Hormuz standoff, with Brent's advance toward the $88 level adding fresh pressure on India's import bill and currency. RBI's consistent dollar selling near current level
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