Quotes from Standard Chartered:
-We maintain our short-term Neutral recommendation for the Indian rupee (INR), but look for opportunities to switch to overweight on any significant USD-INR correction higher.
-We retain a medium-term Overweight recommendation and argue that corporate clients hedging overseas FX receivables should look through short-term volatility to exploit the hedging opportunities offered by relatively steep USD-INR onshore forward curves.
-The USD-INR 1Y onshore forward, for example, at 64.95 is a full 8.3% above spot and 7.4% above our USD-INR forecast for mid-2015.
Published: 2014-07-11 06:04:00 UTC+00
Short-Term Outlook for Usd/inr
No comments:
Post a Comment