Rupee may fall to 85 against dollar leading to RBI intervention: Naveen Mathur

The rupee is under pressure largely due to the stronger dollar, post-US elections policy measures by President-elect Trump, and specific GDP numbers. Intermittent RBI intervention is noted, but aggressive action is unlikely until the rupee approaches 85 levels, as the forex reserves have dipped from $705 billion to $657 billion.

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