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'Stable rupee to bring back foreign inflows'

February 04, 2026

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Financial Express Kochi

The appreciation of the rupee was warranted due to its undervaluation, says Pranjul Bhandari, chief India economist/strategist, ASEAN economist at HSBC. In an interview with Christina Titus and Mahesh Nayak, she says the rupee appreciation to the 88 level will see the Reserve Bank of India (RBI) gradually building its reserve and cutting its short position. These moves would see the domestic currency depreciating to the 90 level. Excerpts:

The market rallied on the news of India-US trade deal. Is this an initial reaction or will the rally continue?

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Financial Express Kochi

'Volatility new normal; RBI to curb rupee swings, not its levels'

The sudden tariff announcement caught Arup Rakshit, group head treasury at HDFC Bank, off guard, but the rupee’s appreciation did not. In a conversation with Christina Titus and Mahesh Nayak, Rakshit says it is too early to draw conclusions from the Indo-US deal. Foreign portfolio investors are unlikely to return to India until the currency stabilises, and he does not expect the rupee to appreciate meaningfully beyond current levels. Excerpts:

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Financial Express Kochi

'Stable rupee to bring back foreign inflows'

The appreciation of the rupee was warranted due to its undervaluation, says Pranjul Bhandari, chief India economist/strategist, ASEAN economist at HSBC. In an interview with Christina Titus and Mahesh Nayak, she says the rupee appreciation to the 88 level will see the Reserve Bank of India (RBI) gradually building its reserve and cutting its short position. These moves would see the domestic currency depreciating to the 90 level. Excerpts:

time to read

1 min

February 04, 2026

Financial Express Kochi

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