Rupee may be winner only if RBI eases hold

ANZ expects the rupee at 82.50 to a US dollar by December, while Credit Agricole CIB is more bullish at 81. — Bloomberg

NEW DELHI: A heady year of capital inflows for India may only result in mild gains for the rupee as the nation’s central bank will likely continue to grip the currency tightly.

On its own, the stars are aligned for the rupee – prospects of large bond and stocks inflows on the back of JPMorgan Chase & Co’s inclusion of Indian debt in its emerging market index as well as a global risk-on sentiment.