India's RBI Sees Case for Rupee to Appreciate, Official Says

India’s rupee still has room to strengthen, Reserve Bank of India (RBI) Deputy Governor Poonam Gupta said, expressing a more optimistic view after a recent stretch of weakness. Gupta’s comments suggest the central bank sees potential for the currency not only to stabilize but possibly to appreciate from current levels, depending on conditions. The statement frames the rupee’s near-term outlook as something that could improve rather than continue slipping. While the remarks were not tied to a specific timeline or target, they signal confidence that support mechanisms and broader fundamentals could help the currency regain momentum.