Finance
DoggfatherRupee's Ready to Flex by March, Thanks to US Trade Deal
Yo, listen up! The Bank of America just dropped some knowledge: the Indian rupee's about to strut its stuff by March, thanks to that dope trade deal with the US. Vikas Jain, the currency kingpin, says the rupee's flexin' up to 88.60-89.00 against the dollar, after a slick 1.4 percent jump. Investors are comin' back, and the rupee's ready to shine, fo' shizzle!
few days ago | Reuters
Quick rundown
1.Indian rupee expected to strengthen by March.
2.US trade deal boosts rupee's biggest gain in seven years.
3.Tariffs on Indian goods cut from 50% to 18%.
4.RBI unlikely to aggressively buy dollars despite inflows.
5.Exporters may increase hedging, supporting the rupee.
