USD/INR forecast to test 76.00 by Q1 2022 – UOB

USD/INR is anticipated to strengthen to the seventy six area at some factor in Q1 2022, commented Strategists at the Quarterly Global Outlook from UOB Group’s Global Economics & Markets Research.

Key Quotes
“While virus dangers have receded, bond purchases through the RBI and India’s twin deficits are structural tailwinds that will proceed to weigh on the INR, on pinnacle of the broad-based USD energy due to the Fed’s normalization.”

“Overall, we maintain to our upward trajectory of USD/INR however will reasonable the factor forecasts a hundred pips decrease in view of the current stabilization of the INR. The revised forecasts are now at 75.5 in 4Q21, seventy six in 1Q22, 76.5 in 2Q22 and seventy seven in 3Q22.”
“Overall, we preserve to our upward trajectory of USD/INR however will reasonable the factor forecasts a hundred pips decrease in view of the current stabilization of the INR. The revised forecasts are now at 75.5 in 4Q21, seventy six in 1Q22, 76.5 in 2Q22 and seventy seven in 3Q22.”

admin

Read Previous

S&P 500’s charge higher continues, posts sixth successive record closing high

Read Next

US Dollar Index Price Analysis: A move above the 2021 high remains on the cards

Leave a Reply

Your email address will not be published. Required fields are marked *