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Indian Rupee To Fare Better Than Asian Peers, Says Bank Of America’s Adarsh Sinha

Summary by BQ
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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BQ broke the news in on Wednesday, September 13, 2023.
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