Crazy_Robert Posted June 25, 2018 Report Posted June 25, 2018 Barclays Plc has become the most bearish forecaster on the Indian rupee, predicting the currency will weaken more than it did during the taper tantrum five years ago. The lender expects the rupee to decline to 72 per dollar by year-end as elevated oil prices dents government finances and foreigners dump Indian assets. Hitting the target would mean an annual drop of 11.3% for the currency, worse than that seen in 2013. The prediction is also more bearish than the 67.52 median forecast in a Bloomberg survey. “India’s difficulty in attracting portfolio flows is exacerbated by poor bond market, unclear policy communication by the Reserve Bank of India and rising political risks ahead of the 2019 election,” analysts Hamish Pepper and Dennis Tan wrote in a note Thursday. Barclays’ earlier forecast was 69 per dollar. The sentiment has reversed from a year ago when analysts said emerging-market currencies were better prepared to endure a selloff when major central banks start withdrawing stimulus because of healthy public finances and subdued inflation. But elevated oil prices and hardening global yields has spurred global funds to pull $6.7 billion from Indian stocks and bonds this year, sending the rupee to the brink of its 2016 record low. “India’s wider current account deficit, driven by higher oil prices and demand for capital import, will be increasingly difficult to fund, given the increased return competition posed by higher USD rates for EM debtors,” the analysts wrote. Quote
boeing747 Posted June 25, 2018 Report Posted June 25, 2018 2 hours ago, tacobell fan said: Arei @tacobell fan ga, nee acct lo unna $200k ni naku appu ivvu fleez..at 72rs exchange rate, India transfer chesi edanna property kanukkunta Quote
tacobell fan Posted June 25, 2018 Report Posted June 25, 2018 2 minutes ago, boeing747 said: Arei @tacobell fan ga, nee acct lo unna $200k ni naku appu ivvu fleez..at 72rs exchange rate, India transfer chesi edanna property kanukkunta vaddi entha istavo cheppu direct ga India lo ne arrange chesta Quote
Hitman Posted June 25, 2018 Report Posted June 25, 2018 It will. No money in Banks, they have to depend on foreign remittance now or foreign investments.. Rupee further go down.. Quote
boeing747 Posted June 25, 2018 Report Posted June 25, 2018 Just now, tacobell fan said: vaddi entha istavo cheppu direct ga India lo ne arrange chesta Nee yavva, friendship ki nuviche value idena? Afterall $200k is peanuts neku, malli daniki vaddi aa. Quote
boeing747 Posted June 25, 2018 Report Posted June 25, 2018 Just now, Hitman said: It will. No money in Banks, they have to depend on foreign remittance now or foreign investments.. Rupee further go down.. Then its #ache din no Quote
tacobell fan Posted June 25, 2018 Report Posted June 25, 2018 Just now, boeing747 said: Nee yavva, friendship ki nuviche value idena? Afterall $200k is peanuts neku, malli daniki vaddi aa. uncle confuse ayyinattu unnav. Andhariki neeku unnanatha undadhu (assti). 200k neeku peanuts naku matram almonds Quote
boeing747 Posted June 25, 2018 Report Posted June 25, 2018 Just now, tacobell fan said: uncle confuse ayyinattu unnav. Andhariki neeku unnanatha undadhu (assti). 200k neeku peanuts naku matram almonds Naa acct motham magnifying glass eskuni ethikithe oka $1000 kuda dorakav neeku. Arei nee mundu nenu lilliput lekka Quote
tacobell fan Posted June 25, 2018 Report Posted June 25, 2018 Just now, boeing747 said: Naa acct motham magnifying glass eskuni ethikithe oka $1000 kuda dorakav neeku. Arei nee mundu nenu lilliput lekka antha pagapattav enti uncle naa meeda. Fix ayyava aadukundam ani Quote
boeing747 Posted June 25, 2018 Report Posted June 25, 2018 Just now, tacobell fan said: antha pagapattav enti uncle naa meeda. Fix ayyava aadukundam ani Edo timepass ankul...LA vachedi confirm ayinda nuvu Quote
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