 "rupee")
Two opposite forces are at work to keep the Indian rupee trading on a narrow, stable course: a trend that should continue for now, say currency experts.
Foreign money poured in for the initial public offering of Zomato IPO, which marks a pipeline of more big-name IPOs. At the same time, the US dollar is also gaining strength against emerging markets currencies after the Federal Reserve indicated at least two hikes by 2022. A renewed surge of Covid-19 infections is keeping global risk appetite at bay.
The situation is a dilemma for the Reserve Bank of India (RBI). If it
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