Loading…
The ING analysis says the Indian rupee is testing new lows after the Turkish financial crisis hit emerging-market currencies, with India's July trade deficit reaching a five-year high of $18 billion. ING expects the RBI to tighten policy and forecasts USD/INR at 71.5 by end-2018.
A wider trade deficit and weaker rupee signal stress in Indian import demand and purchasing power, a modest bearish factor for Indian commodity imports.
think.ing.comAug 15, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
