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UBS Securities expects the rupee to hover around 65 per dollar after a 5% gain in two months, with a year-end forecast of 70 implying weakness. Record portfolio inflows of USD 8.3 billion in March and suspected RBI intervention to slow the rally are cited.
UBS's view of limited upside and eventual weakness suggests the rupee's appreciation may reverse, which would make Indian dollar-priced imports more expensive over time.
moneycontrol.comApr 4, 2017Not 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.
