Why Rupee’s Top Forecaster Sees Resilience to Trump Trade: Q&A
- RBI to continue intervention to smoothen swings: Scotiabank
- Impact of note ban on growth unlikely to extend beyond March
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India’s limited reliance on exports and the relatively low foreign ownership of local assets will help the nation’s currency fare better than most Asian peers if the dollar rally extends this year on U.S. President-elect Donald Trump’s policies, according to the top rupee forecaster.
The economic impact from Prime Minister Narendra Modi’s ban on high-value currency notes is transient, said Qi Gao, a Singapore-based foreign-exchange strategist at Scotiabank, which had the most accurate rupee estimates in Bloomberg’s quarterly rankings. The government’s adherence to its fiscal consolidation target in the February budget should be positive for the currency.