Foreign exchange strategists at Barclays have updated clients with their latest forecasts for the Indian Rupee. According to their analysis, the Rupee is expected to weaken marginally versus both the Dollar and the Euro over the next 20 months.
On March 16, at Rs65.41 per US dollar, the currency hit a one-year high against the greenback. Much of the strengthening has to do with the ruling Bharatiya Janata Party's (BJP) recent electoral wins in Uttar Pradesh and Uttarakhand and solid ...
The Reserve Bank of India may consider raising the cash reserve ratio for the first time since 2010 if deposits accumulated due to November's cash ban don't flee over the coming months, economists say.
Bets that a majority win for Modi's party in the key Uttar Pradesh state will embolden him to undertake more economic reforms and lure foreign investors to India have sent the rupee surging to a 16-month high, making it Asia's top performer this month.