French lender's India treasurer pegs rupee floor near 'fair value' of 96 per dollar

The Indian rupee is poised for stability against the dollar throughout this financial year. Initiatives to entice dollar investments and a decline in commodity prices are expected to mitigate risks. With foreign investors returning to Indian equity and debt markets, actions from the central bank should help minimize significant currency fluctuations in the short term. Additionally, Indian bonds could stabilize at a yield of approximately 6.70%.