If You Believe in Bears, Rupee Forward Is Best Asia Trade: Chart

Even the most bearish rupee forecaster would agree that the Indian currency’s 12-month forwards are a buy. It’s the only major Asian currency with futures prices that are weaker than the most pessimistic FX strategist’s prediction. Barclays Plc sees it depreciating almost 4 percent to 70.5 per dollar by year’s end, the biggest drop in a Bloomberg survey.

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