HSBC raises rupee forecast on flows, current account

HSBC continues to recommend holding USD/INR NDF 1 month versus 12 month flattener trade with a target of 300 points from around 410 points currently.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Masteryourmoney Earnings
moneycontrol.com

Home » News » Markets » Rupee

Oct 11, 2013, 04.59 PM | Source: Reuters

HSBC raises rupee forecast on flows, current account

HSBC continues to recommend holding USD/INR NDF 1 month versus 12 month flattener trade with a target of 300 points from around 410 points currently.

Like this story, share it with millions of investors on M3

HSBC raises rupee forecast on flows, current account

HSBC continues to recommend holding USD/INR NDF 1 month versus 12 month flattener trade with a target of 300 points from around 410 points currently.

Post Your Comments

Share Cancel

HSBC raises rupee forecast on flows, current account
HSBC cuts its USD/INR forecast for the end of the year to 62 from 65 previously, citing improvements in the current account deficit and measures to attract inflows.

HSBC notes the rupee to benefit from any inclusion of local government bonds in the JP Morgan government bond index for emerging markets, and also cites the USD 1 billion rupee-linked bond issuance launched by World Bank's private sector arm International Finance Corp.

Also Read: Low growth, high inflation likely to persist in India

The investment bank also lowers its end-2014 forecast for the pair to 66 from 70 earlier.

Sharp gains, however, would be capped as HSBC suspects the RBI could utilise the rupee's strength as an opportunity to build up its forex reserves.

HSBC continues to recommend holding USD/INR NDF 1 month versus 12 month flattener trade with a target of 300 points from around 410 points currently.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
HSBC raises rupee forecast on flows, current account

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login