RBI's Dollar Buying Plans: Can the Rupee Bounce Back?

India's central bank, the RBI, is gearing up to buy dollars if the rupee dips to 88-89. Aditya Bagree from Citigroup predicts the rupee will hang around 90-91 for now. Despite record reserves thanks to gold, the rupee has been sluggish. But good news may come in February and March! The bond market faces challenges with rising borrowing costs looming.