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Bank of America Says Rupee's Comeback Will Be Epic!

Bank of America Says Rupee's Comeback Will Be Epic!

Folks, listen up! Bank of America is saying the rupee is set for a HUGE comeback by March! We're talking about the biggest gains in over seven years! Vikas Jain, a top guy at the bank, predicts it’ll soar to 88.60-89.00 against the dollar. The rupee just had a TREMENDOUS day! Foreign pressure? It’s going NOWHERE! Exporters will hedge like champions! Believe me, it’s going to be FANTASTIC!

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.

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Series

  • Indian Premier League
  • Pakistan Super League
  • New Zealand tour of Bangladesh
  • India Women tour of South Africa