# India: No respite for the rupee | articles | ING THINK

> 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.

- Date: 2018-08-15 · published 2018-08-15T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/63802-india-no-respite-for-the-rupee-articles-ing-think
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A wider trade deficit and weaker rupee signal stress in Indian import demand and purchasing power, a modest bearish factor for Indian commodity imports.

## Read by commodity

- USDINR: bullish ▲

## Sources

- think.ing.com: https://think.ing.com/articles/india-no-respite-for-rupee-from-scaling-new-lows/

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