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BNP Paribas's Michael Sneyd says the rupee has depreciated about 3% in 2018 and Indian 10-year bond prices have fallen. He attributes this to factors other than the US currency watchlist listing.
He expects India is unlikely to be named a currency manipulator because its current account is still in deficit.
A stable outlook on the rupee's valuation limits the risk of US trade action against India, but ongoing bond weakness and FPI sensitivity keep rupee pressure in place for dollar-priced imports.
business-standard.comIndivjal DhasmanaApr 23, 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.
