Indian rupee on a roll that looks set to continue

The rupee has climbed 3% against the US dollar over the last few days which, by recent standards, is a big move. We have long expected the appreciation and more looks on the way as India’s balance of payments continues to improve and as the Reserve Bank (RBI) leads in the next wave of Asian central banks set to raise rates. The authorities are also now more tolerant of rupee gains.

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