At the moment, only the rate-cuts of May 22, 2020 have been reversed. If inflation softens due to, say a sudden end to the war, further hikes may not happen so quickly, sources added.
Sonal Varma of Nomura believes that the potential growth of the economy has been declining almost in every sector.
Today morning some foreign institutional investors (FIIs) bought orders and the rupee quite gently moved on to 64.11/USD, which was the costliest that the dollar traded