- Analytics
- News and Tools
- Market News
- USD/INR to hit 82 by year-end – ANZ
USD/INR to hit 82 by year-end – ANZ
The Reserve Bank of India (RBI) recently allowed USD/INR to rise past the psychological 80 mark. The rupee is expected to remain weak, according to economists at ANZ Bank.
USD strength to weigh on the rupee
“INR is over-valued from a peer perspective and domestic liquidity has been falling, making aggressive dollar sales difficult from a liquidity management point of view.”
“We see risks from further strength in the US dollar, which will weigh on the rupee.”
“The RBI may continue to intervene, but the scale of dollar sales will have to be clipped.”
“We expect USD/INR at 82 by year-end.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
