New Delhi, Feb. 18 -- The Indian Rupee (INR) is expected to trade within the range of 86.5 to 87.5 per US dollar in the near term, with the Reserve Bank of India (RBI) likely to keep its intervention limited, according to a recent report by Bank of Baroda.

The report highlighted that the RBI's intervention in the forex market may remain limited due to the prevailing tight domestic liquidity conditions.

"RBI's intervention is likely to be limited going ahead given the tight domestic liquidity situation. We expect INR to trade in the range of 86.5-87.5/$ in the near-term" the report stated.

The Indian Rupee witnessed a sharp decline to a record low of 87.58 per dollar on February 6, 2025, amid global economic uncertainties. However, the ...