Mitul Kotecha, Senior Emerging Markets Strategist at TD Securities, suggests that they think of a lot of negativity is now in the price for INR and look for opportunities to enter tactical longs in the near term. Key Quotes “Further out, we expect the INR to continue to depreciate, but at a far more gradual pace than recent months.” “The recent drop in oil prices bodes well for India’s current account and inflation trajectory and will help take pressure off the INR in the near term.” “We expect the RBI to hike policy rates in August to keep a grip on inflation. We think a hike will also bode well for INR.” “India is far less exposed to trade tariffs, but external factors continue to pose risks.” “The outlook for India’s bond market is improving as the government injects liquidity and banks likely reduce their excess SLR holdings.” 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 BoJ lowered purchases of longer-dated Japanese government bonds – Danske Bank FX Street 5 years Mitul Kotecha, Senior Emerging Markets Strategist at TD Securities, suggests that they think of a lot of negativity is now in the price for INR and look for opportunities to enter tactical longs in the near term. Key Quotes "Further out, we expect the INR to continue to depreciate, but at a far more gradual pace than recent months." "The recent drop in oil prices bodes well for India's current account and inflation trajectory and will help take pressure off the INR in the near term." "We expect the RBI to hike policy rates in August to keep a grip… 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.
