Finance
YellsyBofA Says Rupee Will Sizzle by March After US Trade Deal
Listen up, you culinary disasters! BofA says the Indian rupee is gearing up to sizzle by March, thanks to a trade deal with the US. It’s bounced back 1.4% from rock bottom! But hold your horses—foreign investors need to stop their outflows. Get your hedging ratios sorted, or you’re just serving up raw currency! No room for mistakes here!
few days ago | Reuters
Quick rundown
1.Indian rupee expected to strengthen by March.
2.US trade deal boosts rupee's biggest gain in seven years.
3.Tariffs on Indian goods cut from 50% to 18%.
4.RBI unlikely to aggressively buy dollars despite inflows.
5.Exporters may increase hedging, supporting the rupee.
