Analysis and market intelligence on fixed income, forex and equities in Asia, EMEA and Latin America

Economy / India

Key Market Views: Bullish Indian Rupee

March 2010 | Market Strategy

We continue to favour Asia FX outperformance, both on a technical and fundamental basis, and several currencies are looking particularly attractive against the US dollar this morning. In line with our core view (see 'India Hikes, Who's Next?', March 22), the Indian rupee and Malaysian ringgit are leading the pack, with both on the ascent towards our INR43.50/US$ and MYR3.1000/US$, respectively.

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