Reported 4 months ago
Citigroup Inc. is optimistic about the Indian rupee, expecting it to continue outperforming other currencies in Asia due to strong fundamentals, a narrowing current account deficit, and increased inflows following India's inclusion in a global bond index. The rupee has been preferred by global investors for its stability and attractive dynamics, with low volatility levels. However, a key risk lies in potential unexpected outcomes from national elections where Prime Minister Narendra Modi is seeking a third term. The currency's performance will also be influenced by global and US policy rates, as well as movements against other Asian emerging market currencies in the near future.
Source: YAHOO