Usd to inr forecast graph: Indian Rupee Forecast to Depreciate Further, Even after an August Interest Rate Rise at the RBI

“A US$16bn monthly trade deficit is commensurate with a current account deficit of 2.8%-3% of GDP, which will be challenging to finance in the current global environment, particularly given portfolio outflows from India and emerging markets more generally,” says Sajjid Chinoy,” chief India economist at J.P. Morgan . “India needs a policy mix of “expenditure-switching” and “expenditure-control” to prevent external imbalances from becoming unsustainable.”

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