USD/INR: Ruppe likely to weaken into the year-end – ING USDINR India Banks Oil
There is undoubtedly some currency support from the RBI, but the INR has also benefited from renewed speculation about the inclusion of government securities in a global bond index.”print undershot expectations and activity will be softer in the coming quarters as the boost from reopening wanes, external headwinds increase, and further RBI rate hikes begin to bite.”
“We would expect the INR to weaken into the year-end unless the bond index inclusion happens, or unlessInformation 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. You should do your own thorough research before making any investment decisions.
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