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 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 Further volatility expected in EUR/GBP – Danske Bank FX Street 4 years 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 -… 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.
