Indian Rupee To Fare Better Than Asian Peers, Says Bank Of America’s Adarsh Sinha
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Indian Rupee To Fare Better Than Asian Peers, Says Bank Of America’s Adarsh Sinha
The Indian rupee should fare relatively better against its Asian peers in the backdrop of a positive balance-of-payment situation, according to Adarsh Sinha of Bank of America Corp."We are forecasting a BOP surplus for the current fiscal, which should be good for the rupee," Sinha, co-head of Asia FX and rates strategy at Bank of America Corp., told BQ Prime's Niraj Shah. The rupee levels could reach the Rs 82-84 levels if the U.S. dollar streng…
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