Fixed Income And Currency Market

19 Jun 2022

INR depreciation can accelerate on flat UST yield curve

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The INR touched record lows against the USD last week on the back of a selloff in equities on worries of stagflation/recession in the US given a flat UST yield curve. INR is likely to touch Rs 80 to the USD on continued sell off in equities.

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Subhasis Mishra
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