Will the Reserve Bank of India (RBI) intervene in the foreign exchange market to buy USD by March 31, 2027?

If the RBI believes the rupee is undervalued, they might allow it to appreciate, but direct intervention to buy USD would be counterintuitive to that sentiment. This question assesses whether the RBI's actions align with a desire for rupee appreciation.

Implied probability (Yes)

25%

Closes

2029-08-23