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INR: Rupee Remains Close to All-Time Lows as Rally in US Yields Hampers Asia FX

INR
  • The consolidation of this week's rally in the US yield curve hampered most regional currencies during the APAC session, keeping USDINR pinned near the 83.50 level. The pair therefore remains within close proximity to all-time highs at 83.67, with JPM index-led foreign inflows doing little to offer the rupee any meaningful reprieve. 
  • Nevertheless, implied vols remain near multi-month lows while analysts continue to expect the RBI to intervene in order to prevent any further substantial losses for the rupee. Given the thin data slate in India this week, focus will be on the major risk events across global markets – in particular the US NFP data on Friday.
IndiaGlobalEM BulletBulletAPACEmerging Market NewsRegion
IndiaGlobalEM BulletBulletAPACEmerging Market NewsRegion

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