RBI Measures Boost Rupee | Is Further Depreciation Unlikely?

The Indian rupee is staging a sharp recovery, strengthening to 94.78 against the US dollar from a recent low of 96.86. That's an improvement of nearly 2.8% in about a week. But what's driving the turnaround, and can the currency hold on to its gains? In this conversation, Tejas Soman, CIO - Debt, PPFAS Mutual Fund, explains how RBI measures to curb speculative trading are helping currency movements reflect actual dollar demand and supply. Capital flows, India's current account deficit and foreign exchange inflows are also key factors shaping the outlook. Despite earlier depreciation and capital outflows, the expert expects a positive balance of payments and believes the rupee is now fairly valued. Watch the full analysis for insights into the RBI's strategy and the currency's next move.