According to Frances Cheung, head of macro strategy at Westpac, the INR has outperformed regional peers as the investors have been focusing on the potential support to growth since the RBI rate cut decision. Key Quotes “Given the budget is out of the way, the INR may garner some temporary support near-term. However, there is question as to whether India’s budget targets can be met with the revenue projection quite aggressive.” “Any stimulus effect on growth will take time to emerge, while the expansionary fiscal and loosening monetary stance should be INR negative beyond the short-term reaction.” 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 Craig Wright claims to have the patent for newly launched JP Morgan JPM Coin FX Street 3 years According to Frances Cheung, head of macro strategy at Westpac, the INR has outperformed regional peers as the investors have been focusing on the potential support to growth since the RBI rate cut decision. Key Quotes "Given the budget is out of the way, the INR may garner some temporary support near-term. However, there is question as to whether India's budget targets can be met with the revenue projection quite aggressive." "Any stimulus effect on growth will take time to emerge, while the expansionary fiscal and loosening monetary stance should be INR negative beyond the short-term reaction." 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.
