forex trading outlook today - INR/USD Forecast 2012 - Indian Rupee Forecast 2012 : The Indian Rupee's near 2% gain against the dollar since Wednesday does not change our negative view towards the currency. The move was probably just an INR short squeeze triggered by the confluence of three factors: RBI sales of USD, new regulation curbing hedging activity (see below), and better risk appetite.
INR/USD forecast for the first quarter of 2012 is 56.00, or 5.8% weaker from current levels, but the risks are for an even larger move. In contrast, we expect SGD to depreciate only 1.3%, IDR 1.8% and KRW 3.4% over the same time period.
INR/USD forecast for the first quarter of 2012 is 56.00, or 5.8% weaker from current levels, but the risks are for an even larger move. In contrast, we expect SGD to depreciate only 1.3%, IDR 1.8% and KRW 3.4% over the same time period.
No comments:
Post a Comment