IDFC First Bank economist sees further rupee weakness
In short
Gaura Sengupta of IDFC First Bank said the rupee may fall further against the US dollar.
The summary also says the RBI is becoming more selective when it steps in. It is not clear how much the currency could move or when that might happen.
What the reporting says
Gaura Sengupta, chief economist at IDFC First Bank, said the rupee is expected to depreciate further against the US dollar. The Business Standard Markets summary also says the RBI is becoming increasingly selective in its intervention strategy. No timing, target level, or supporting data are given in the available reporting, so the scale of the move remains unknown.
Why it matters
The story centers on a rupee outlook from Gaura Sengupta, chief economist at IDFC First Bank, who expects more depreciation against the US dollar. The summary says the RBI may intervene more selectively, but gives no specific policy action or forecast level. The likely market focus is on currency traders and rate-sensitive assets, though no exact impact estimate is provided.