Forex Analysis Report – 6/11/19…Downside Risk On USD/INR(Rupee)

The rupee will fall further against the U.S. dollar over the next 12 months than previously thought, hit by slowing growth momentum and an escalating global trade war that has recently threatened to engulf India, a Reuters poll found.Last year, a deep sell-off in emerging markets and a widening domestic fiscal deficit, exacerbated by rising oil prices, pushed the rupee down nearly 9% and that weak trend is not expected to change over the coming year.A trade conflict between the United States and China, which shows no signs of being resolved anytime soon, will probably put further pressure on risky

About the author: TIMM Trader

Uniting Experts & Novices for Mutual Profit!