The Indian Rupee is set to fall into new record lows if the US-Iran crisis drags on for longer
From the original
FUNDAMENTAL OVERVIEW USD: The US dollar has been under pressure since last week as the soft US inflation data led to a repricing of Fed rate hike bets. There’s now just a 14% chance of a rate hike in July, but the probabilities for a September move remain above 50% (currently 62%
Related speeches
4 itemsThe Indian Rupee risks falling into new record lows amid the renewed US-Iran conflict and elevated oil prices
The Indian rupee is set to revisit record lows as US-Iran deadlock extends, tensions rise
Indian Rupee sinks to new record lows and consolidates: US-Iran remains the main driver
The Indian Rupee (INR) is under significant pressure, reaching new record lows against the US Dollar (USD) as geopolitical tensions and oil prices weigh heavily on its value. Per the full note from Giuseppe Dellamotta at investinglive.com, the lack of progress in US-Iran negotiations and rising oil prices have exacerbated the Rupee's decline. The desk believes that the INR's trajectory will remain closely tied to developments in the oil market and geopolitical stability, with a bearish structural trend evident in the currency's performance. Upcoming US economic data, particularly retail sales and jobless claims, could further influence USD strength and INR weakness.
More like this
5 itemsThis week we got a sneak-peak at the playbook for when the AI bubble bursts
Canada September employment change -68.3K vs +9.2K expected
USD/JPY intervention risks back in focus as Bessent, Katayama head to Bangkok
The Indian rupee collapses to new record lows as surging oil prices outweigh RBI rate hikes