Photographer: Dhiraj Singh/Bloomberg

Rupee Forecasts Jump as Rally Shows Strategists Were Too Bearish

  • Currency set for first quarterly gain since March 2015
  • Calls for 70 a dollar by year-end seemed a bit excessive: ING

Year-end forecasts for India’s rupee are rising at the fastest pace in 11 months after the currency’s rally this quarter took strategists by surprise.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.