According to economists from the Monetary Policy Committee and JPMorgan, any appreciation in the Indian currency is expected to be limited in 2024-25 when foreign inflows will pour into Indian sovereign debt due to multiple reasons.
Chaudhary s comments come after the rupee hit a new all-time low of 83.41 per dollar on December 13. Since then, the Indian currency has gained some ground and was even trading in the sub-83 per dollar territory early on December 18