Sep. 2 at 7:56 AM
USDINR near 94.95. India grew 7.8% and took
$2.85B of equity inflows in August. The RBI still looks like the bid.
Oil is the veto. India imports 85%+ of its crude. Brent is already above
$91. A push toward
$96 hits the current account fast.
IT dollars help. A hawkish Fed and 4.79% US 10-year do not.
Watch crude first, then 95.
USDINR
$BZ=F
$INDA $INFY #USDINR #Rupee #India #Oil