IPO flows to strengthen rupee in 2022; tighter policy likely dampener
IPO-bound foreign inflows as well as buoyant stock markets are likely to strengthen the Indian rupee in 2022. Besides, strong forex reserves coupled with rising exports is expected to support the trend. However, likely stiffening of monetary policy rates along with faster US taper and a rise in crude oil prices will trigger volatility. In 2021, the rupee oscillated between