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Hugo Erken, Senior Economist at Rabobank, offers his outlook on the Indian Rupee (INR) in the coming months.

Key Quotes:

“We have altered our forecasts considerably after the RBI’s decision to keep its policy rates on hold in October, which, in our view, is a policy error.”

“We hold on to our view that the INR will return to its fundamental value of approximately 68/69 against the U.S. dollar, but the trajectory towards this value will take much longer and be more painful than we initially anticipated.”

Also Read: Indian  Rupee  to see little reprieve over the coming year – Reuters poll