Dollar/rupee premiums to rise as US-India interest rate gap seen widening – analysts

Written by on March 31, 2023

MUMBAI, March 29 (Reuters) - Indian foreign exchange traders are betting on a rise in dollar/rupee forward premiums as U.S. interest rates are expected to ease later this year, bankers and analysts said.

The USD/INR 1-year implied yield is forecast to rise to 3% levels within fiscal 2024 from around 2.40% currently, according to market participants.



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