# Evergrande situation can lead to rupee coming under pressure: Report- Moneycontrol.com

> HDFC Bank economists warned the rupee could come under pressure as emerging-market currencies face headwinds from the China Evergrande debt situation. They said the uncertainty could keep the dollar bid and expected USD/INR to trade between 73.65 and 74. Investors are watching whether Beijing steps in to restructure the developer.

- Date: 2021-09-22 · published 2021-09-22T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/45343-evergrande-situation-can-lead-to-rupee-coming-under-pressure-report
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A broader risk-off move would strengthen the dollar and weaken the rupee, raising the rupee cost of imported feed. The outcome depends on whether China's developer stress spreads into wider financial markets.

## Read by commodity

- USDINR: bullish ▲

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/markets/evergrande-situation-can-lead-to-rupee-coming-under-pressure-report-7494661.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.