fxstreet.com 16 Feb, 2021 08:45 am

USD/INR to tick down to 72.00 by end-2022 – CE

USD/INR to tick down to 72.00 by end-2022 – CE
The narrowing in India’s goods trade deficit in January is likely to soon reverse as the recovery in domestic demand and oil prices pushes up imports.

But while this means that India’s recent current account surplus is unlikely to last for long, economists at Capital Economics still expect further small gains in the rupee against the US dollar over the coming years.” “We expect the rupee to make small gains against the US dollar over the coming years, from around 73.The narrowing in India’s goods trade deficit in January is likely to soon reverse as the recovery in domestic demand and oil prices pushes up imports.” “The rebound in global oil prices still has further to run given the stronger outlook for oil demand.

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