Commerzbank predicts that the USDINR exchange rate will remain stable at approximately 82.00 until the third quarter, before gradually declining to reach 81.50 by the end of the year.

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USDINR Chart by TradingView

USD/INR continues to hold within a narrow 2.5% range, between 81-83, since the start of the year. Economists at Commerzbank analyze the pair’s outlook.

Source: Commerzbank Research

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