Top Rupee Forecaster Says Bond Opening to Sustain Best Asia Gain
- ABN Amro sees rally to 65 a dollar by end of month on inflows
- Rupee's 1.4% climb in September was Asia's best performance
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The top rupee forecaster sees the currency maintaining its position as Asia’s best performer after India allowed foreigners greater access to its debt.
“India remains one of the fastest-growing economies in the region,” said Roy Teo, Singapore-based senior foreign-exchange strategist at ABN Amro Bank NV, which had the most-accurate estimates in Bloomberg’s quarterly rankings. “The rupee has the potential to outperform other regional currencies this year on the back of higher inflows.”