USD/INR: Rupee unlikely to appreciate significantly this year – ANZ USDINR India Banks
The Rupee could remain rangebound, tied to global risk mood swings and the RBI’s intervention, economists at ANZ Bank report.“The Rupee remains tied to global risk sentiment, and financial flows have exhibited weakness amid market uncertainty.”
“Near-term turbulences aside, lower crude oil prices and a narrowing trade deficit could keep INR supported over the medium term. However, we expect limited appreciation in INR this year despite a softer Dollar because once inflows resume, the RBI will prefer to build back its FX reserves, a large part of which it expended in 2022.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
USD/INR Price Analysis: Indian Rupee sellers need validation from 82.55USD/INR prints the biggest daily gains in more than two weeks as it rises to 82.45 during early Monday. In doing so, the Indian Rupee (INR) pair justi
Leer más »
INDIA RUPEE Rupee falls on oil concerns, but doesn't weaken past support levelThe Indian rupee dropped against the U.S. dollar on Monday following an output cut by OPEC+, while managing to remain above a near-term support level.
Leer más »
USD/INR Price Analysis: Indian Rupee sellers need validation from 82.55USD/INR prints the biggest daily gains in more than two weeks as it rises to 82.45 during early Monday. In doing so, the Indian Rupee (INR) pair justi
Leer más »
INDIA RUPEE Rupee falls on oil concerns, but doesn't weaken past support levelThe Indian rupee dropped against the U.S. dollar on Monday following an output cut by OPEC+, while managing to remain above a near-term support level.
Leer más »
Pairs in Focus This Week \u2013 EUR/USD, GBP/USD, USD/JPYGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of April 2nd, 2022 here.
Leer más »
Russia defeat unlikely this year despite 'failing tactically'—U.S. generalThe Ukrainian military is widely believed to be gearing up for a spring counter-offensive.
Leer más »