Quote on Rupee by Anindya Banerjee, Head of Currency & Commodity Research, Kotak Securities
Below the Quote on Rupee by Anindya Banerjee, Head of Currency & Commodity Research, Kotak Securities
The USDINR pair remains range-bound near its all-time highs, currently around 88.65, as markets await clarity on the proposed India–US trade deal and a resolution to the ongoing trade tensions. Foreign portfolio investors have sold over a billion dollars so far in November, lending support to the pair. In the near term, the Rupee is expected to trade within a broad 87.50–89.50 range, with movements in the dollar index and U.S. yields remaining key catalysts. Expectations of an end to the U.S. government shutdown could inject fresh liquidity into the system, improve economic sentiment, and push U.S. yields higher — factors that may keep USDINR supported.
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