Indian rupee to fall 2% to 92 in three months, predicts UBS, expects short-lived US trade deal relief
While a trade deal will help at the margin, according to Rohit Arora, head of Asia FX & rates strategy at UBS, a key factor limiting any sustained rupee recovery will be the recent drawdown of the Reserve Bank of India's foreign exchange reserves.
While a trade deal will help at the margin, according to Rohit Arora, head of Asia FX & rates strategy at UBS, a key factor limiting any sustained rupee recovery will be the recent drawdown of the Reserve Bank of India's foreign exchange reserves.
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