- Analytics
- News and Tools
- Market News
- USD/INR to hold around 82.00 by Q3 and drift lower to 81.50 by year-end – Commerzbank
USD/INR to hold around 82.00 by Q3 and drift lower to 81.50 by year-end – Commerzbank
Year-to-date, INR is unchanged vs USD. Economists at Commerzbank share their USD/INR forecast.
Rising cost pressures will force RBI to remain vigilant
INR continues to be well supported by strong economic fundamentals. The latest PMI reports for both manufacturing and services remained robust.
RBI left rates unchanged at 6.50% for the third consecutive meeting in August. There is no incentive for RBI to alter policy anytime soon. They will continue to adopt a wait-and-see attitude. Nevertheless, RBI would need to stay vigilant on a potential reversal in food prices. It would need to keep a close eye on the upcoming monsoon season.
We project USD/INR to hold around 82.00 by Q3 2023 and drift lower to 81.50 by end-2023 and 81.00 by end-2024.
Source: Commerzbank Research
© 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
