# Deutsche Bank, Mizuho forecast more pain for India rupee - Gulf Times

> Deutsche Bank and Mizuho Bank forecast the rupee could weaken to 66 per dollar in 2018. The forecasts cite a widening trade deficit, capital outflows and the $2bn fraud at Punjab National Bank. Global funds had pulled $583 million from Indian stocks since the scandal surfaced.

- Date: 2018-02-27 · published 2018-02-27T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/66778-deutsche-bank-mizuho-forecast-more-pain-for-india-rupee-gulf-times
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Bank forecasts of further rupee weakness signal higher dollar-priced import costs for Indian feed buyers. The trade gap and oil-driven deficit add to pressure on the currency.

## Read by commodity

- USDINR: bullish ▲

## Sources

- gulf-times.com: https://www.gulf-times.com/story/583216/deutsche-bank-mizuho-forecast-more-pain-for-india-rupee

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