New Delhi, May 21 -- As the global uncertainties show signs of moderation and geopolitical tensions along India's borders settle, the Rupee will witness stability, said Union Bank of India (UBI) report.

"Rupee volatility is expected to settle for now, supported by easing global uncertainties and reduced border tensions," the report added.

The report further added that given the current global scenario, volatility is expected to temporarily subside as major uncertainties appear to have settled, at least for now.

At the time of filing thist, the rupee is trading at the level of 85.61 against the US dollar on May 21.

"We now anticipate a sideways movement in the Rupee, with support seen around Rs 84.80/USD; a decisive break below this le...