- Analytics
- News and Tools
- Market News
- USD/INR to test the lower end of the 80-82 range – Commerzbank
USD/INR to test the lower end of the 80-82 range – Commerzbank
USD/INR has dropped to near 81.00. Economists at Commerzbank expect the pair to drift towards the lower end of the 80-82 range.
RBI to persist with more rate hikes
“We expect RBI to persist with more rate hikes albeit at a slower pace than the 50 bps hikes of the past three meetings. RBI has hiked by 190 bps so far this year from May to 5.90%.”
“We look for another 30-40 bps hike on 7 December to 6.20-6.30%. This should provide some support for INR along with the softer USD tone.”
“We see room for USD/INR to drift towards the lower end of the 80-82 range near term.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
