USD/INR: Flows drive break below 94.00 – Societe Generale

Brent’s decline below $90 is supporting India’s terms of trade, with portfolio inflows into FAR‑eligible bonds and equities also strengthening, according to Societe Generale’s Kenneth Broux and co-authors.

Rupee strengthens as lower oil prices lend support

"USD/INR trades below 94.00 for the first time since April and USD/MXN extends below 18.50 which has more to do with the rebound in stocks than slump in energy prices."

"The decline in Brent below $90/b is bolstering the terms of trade of India but has also been accompanied by a sharp improvement in portfolio flows."

TMGM Analysis: Financial Market News, Economic Calendar & Market Insights

"Together, those factors have helped deflate USD/INR below 94.00 for the first time since April."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)