fxstreet.com 02 Feb, 2021 18:00 am

RBI further easing and deterioration in terms of trade to place downward pressure on the rupee – MUFG

RBI further easing and deterioration in terms of trade to place downward pressure on the rupee – MUFG
The USD/INR will likely trade in the 70.000-75.500 range during the first quarter and between 70.500-76.000 in the second quarter, according to analys

” “But as supply side risks to inflation remain, the RBI may refrain from cutting until inflation is seen to remain well within the inflation target range between 2-6%.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress.

The rupee’s resilience is partly attributed to relatively large equity inflows for the third consecutive month.The rupee would be vulnerable to periodic pullbacks in equity flows given stretched valuations, although the slosh in global liquidity should still underpin foreign portfolio investment flows.

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