USD/INR: Likely to peak at 83.00 during Q1 – MUFG – by MSalordFX USDINR Currencies Banks
Key Quotes:fuelled by expectations of more Fed rate hikes, but its decline was milder compared to regional peers, thanks to improving macroeconomic numbers. India’s trade deficit narrowed to USD17.75 billion in January from a deficit of USD23.77 billion in December. Also, lower crude oil prices offered some support the INR as well.”
to rise to 83.00 by end-Q1. INR will receive some boost in the period between Q2 and Q4 due to a weakening US dollar and India’s relative better economic performance.”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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