Goldman Sees India Rupee Sliding to 95, Putting Pressure on RBI

TL;DR

watch now Indian rupee to inch towards 94 against USD in spite of RBI intervention, says analyst Anindya Banerjee from Kotak Securities says the Reserve Bank of India is likely to intervene in currency markets to slow the pace of rupee depreciation due to rising oil prices. He notes the rupee is among the weakest in the region and could weaken further toward 94 level if oil prices surge.