As we step into a new year, the landscape of global interest rates and currency markets is rife with uncertainty. With 2023 characterized by predictable interest rate rises, 2024 promises to be a year of strategic recalibration for corporates navigating currency risks. In this blog post, we delve into key insights and strategies for corporate treasurers amidst evolving market dynamics.

While India’s macroeconomic fundamentals have witnessed improvements and growth remains robust, the intervention by the Reserve Bank of India (RBI) has limited the rupee’s mobility. In this comprehensive analysis, we delve into the factors influencing the Indian rupee’s trajectory and present our view on the USDINR exchange rate.

The fragility in Forex valuation never tends to remain certain either pre-pandemic or in the midst of great pause. At the outset, the article will broadly breakdown the main levers of Rupee and tentative projections after the US election and later part outlined key important factors for the dollar future path.