How geopolitics and RBI are shaping Rupee ahead of MPC

Analysts anticipate the Indian rupee entering a stable phase soon.

Global crude oil prices will continue to significantly influence the currency's movement.

Sustained high oil prices may increase inflation and widen India's current account deficit.

However, a steep depreciation in the rupee is not expected by experts.

The Reserve Bank of India's monetary policy meeting in August is also a key event. ...