In the view of the analysts at HSBC, the Reserve Bank of India (RBI) is likely to deliver a big rate cut in its April meeting to combat the coronavirus impact. Key quotes “Expect cumulative 40bps of India rate cuts in April-June, taking repo rate to 4.75%. Expect bulk of India monetary easing in April meeting, accompanied by liquidity measures. India Govt. may end up with wider fiscal deficit of about 3.7% of GDP in FY21.” USD/INR heads back towards 16-month top USD/INR bounces-back a dip to 73.31 reached in the opening trades, as the bulls briefly regain the 73.50 level. The spot trades close to the 16-month high of 73.632 recorded on Wednesday. USD/INR technical levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Iota Price Analysis: IOT/USD bulls take charge as price goes up by 2.2% FX Street 3 years In the view of the analysts at HSBC, the Reserve Bank of India (RBI) is likely to deliver a big rate cut in its April meeting to combat the coronavirus impact. Key quotes "Expect cumulative 40bps of India rate cuts in April-June, taking repo rate to 4.75%. Expect bulk of India monetary easing in April meeting, accompanied by liquidity measures. India Govt. may end up with wider fiscal deficit of about 3.7% of GDP in FY21." USD/INR heads back towards 16-month top USD/INR bounces-back a dip to 73.31 reached in the opening trades, as the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
