USD/INR: Risks of crossing above 80.000 remain – MUFG – by MSalordFX USDINR Banks Currencies
“Renewed optimism in Indian risk assets may reflect market expectations of a slower pace of rate hikes by the RBI, further deceleration in India’s headline CPI, and the potential inclusion of Indian government bonds into the JPM GBI-EM Index for the first time. If this trend persists, net inflows into Indian equities could help dampen downward pressure on the rupee stemming from extended US dollar strength and India’s widening trade deficits.
“India’s high reliance on China for imported raw and intermediate materials used as manufacturing inputs is also likely to keep India’s non-energy trade deficit elevated.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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