The Research Team at ING forecast the USD/INR pair will trade at 72.50 in 1M, 73.50 in 3M and at 73.80 in 6M. Key Quotes: “After all the volatility caused by global and domestic factors, September turned out to be a better month for the INR as bigbang fiscal stimulus including $20 billion of corporate tax cuts buoyed portfolio inflows into local equities.” “However, two single-day spikes in the USD/INR rate – first, 1.4% following the release of 2Q19 GDP report showing a six-year low 5% growth, and second, 0.9% after the attack on Saudi oil facility causing a steep surge in oil – reinforced INR’s vulnerability.” “With the RBI on an easing binge, worries about a blow-out fiscal deficit hurting investor confidence, and the government’s plan of borrowing overseas getting shelved, sustained INR weakness ahead remains the safest bet for now.” 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 Precious metals mixed as US stocks recover on Fed cut expectations FX Street 3 years The Research Team at ING forecast the USD/INR pair will trade at 72.50 in 1M, 73.50 in 3M and at 73.80 in 6M. Key Quotes: "After all the volatility caused by global and domestic factors, September turned out to be a better month for the INR as bigbang fiscal stimulus including $20 billion of corporate tax cuts buoyed portfolio inflows into local equities." "However, two single-day spikes in the USD/INR rate - first, 1.4% following the release of 2Q19 GDP report showing a six-year low 5% growth, and second, 0.9% after the attack on Saudi oil facility causing… 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.
