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Forex Flash: USD/INR risks cheaper levels on further reforms in India - RBS

By FXstreet.com,  January 07, 2013, 07:21:00 PM EDT

FXstreet.com (Barcelona) - According to Drew Brick, FX strategist at RBA, the Indian Rupee risk reversals "run as cheap as ever on a 6M basis..." he says, adding that "If Delhi pursues further reforms -- like expanding quota limits for FII investment into local FX debt or cutting Withholding Tax for FI debt holders --, USDINR could course lower."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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