- Analytics
- News and Tools
- Market News
- USD/INR could drift back to the lower end of the 80-82 range near term – Commerzbank
USD/INR could drift back to the lower end of the 80-82 range near term – Commerzbank
USD/INR pair has rebounded after dropping to near 81.65. Economists at Commerzbank expect the pair to move back lower toward the 80 level.
RBI to hike rates further next week
“We expect RBI to hike rates further next week, albeit by a slower pace of 25 bps to 6.50%. This follows the aggressive hikes last year of a total of 225 bps.
“RBI could continue to signal further hikes, albeit more gradually, but it could still provide some support for INR.”
“We could see USD/INR drift back to the lower end of the 80-82 range near term, helped along by the softer USD.”
© 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
