USD/INR: Rupee may recover a bit this week – MUFG USDINR Banks
“As suggested by the recent October trade print, with persisting external sector risks, the INR is likely to remain under pressure due to potential even larger current account deficit and potential worsening yield spread between India and the US, as the degree of India’s rate hike likely smaller than US’s with its CPI inflation is approaching the upper bank of inflation target range.”
“With US data likely strengthening the view of US’s growth deceleration, INR may recover a bit this week.”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. You should do your own thorough research before making any investment decisions.
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