USD/INR: Ruppe strength through the end of this year and into 2024 – Wells Fargo USDINR India Fed Banks
“We believe the Federal Reserve is likely to lower interest rates at an aggressive pace starting in Q4 of this year, which should result in broad-based US Dollar weakness. This greenback depreciation should facilitate Indian Rupee strength over the medium-to-longer term, and we target a USD/INR exchange rate of 81.00 by the end of 2023 and 79.50 by the middle of 2024.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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