# Rupee more sensitive to FPI inflow as FDI falls: Michael Sneyd, BNP Paribas | Economy & Policy News - Business Standard

> 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.

- Date: 2018-04-23 · published 2018-04-23T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/65800-rupee-more-sensitive-to-fpi-inflow-as-fdi-falls-michael-sneyd-bnp-paribas
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- USDINR: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/economy-policy/rupee-more-sensitive-to-fpi-inflow-as-fdi-falls-michael-sneyd-bn-paribas-118042200517_1.html

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