Indian rupee to fall 2% to 92 in three months, predicts UBS, expects short-lived US trade deal relief
UBS Investment Bank expects the Indian rupee to weaken to 92 per US dollar by March, making the case that any relief from a potential US–India trade deal announcement would likely be undermined by the central bank replenishing foreign exchange reserves. From near 90 per dollar levels currently, UBS’s forecast implies a roughly 2% depreciation…