WebMay 18, 2024 · 2024-2024 exchange rate forecasts from investment bank Morgan Stanley - update May 2024. Dollar will continue to gain near-term backing due to fragile risk … WebThe Indian rupee strengthened to 81.9 per USD in early April, extending its recent rally to a one-month high after the Reserve Bank of India unexpectedly held its key interest rate steady at 6.5%. The move defied expectations of a 25bps hike and marked the first pause in a tightening campaign following 250bps of rate increases since May 2024.
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