Rupee poised to stabilise and appreciate from current levels: RBI Deputy Governor

RBI Deputy Governor Poonam Gupta said the rupee could stabilise and potentially appreciate from its current depreciated levels. She attributed the positive outlook to India's ability to narrow the current account deficit through robust services exports and remittances.

Gupta noted that improving capital account conditions are likely to support increased foreign investments into India. She underscored the RBI's capacity to manage external economic pressures and maintain orderly exchange rate movements, projecting overall financial stability ahead.