USDINR: Further Rupee weakness, RBI's intervention level could shift higher to 84.00 – Credit Suisse USDINR India Banks
r, there is risk that the RBI’s intervention level shifts higher amid strong imports, economists at Credit Suisse report.“In the short term, we expect central bank to continue defending the 83.00 level.”
“In the medium term, we expect further rupee weakness and think the intervention level could shift higher to 84.00 in Q1. We remain optimistic on Indian GDP, but that optimism is negative for the trade balance and INR.” 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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