0451 GMT - The Indian rupee is likely to weaken further against the U.S. dollar in 2025, MUFG Bank's Michael Wan says in a research report. The rupee will likely be weighed down by factors including a spike in India's gold imports, higher foreign direct investment repatriation and weaker portfolio inflows, the senior currency analyst says. Also, the Reserve Bank of India's FX policy could become "less interventionist and allow INR to adjust weaker even as RBI will unlikely let INR go completely," Wan says and turns more cautious on the INR. MUFG Bank forecasts USD/INR rising to 86.80 by 1Q and 88.50 by 4Q this year. USD/INR is 0.1% lower at 85.74.(ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 02, 2025 23:51 ET (04:51 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。