USD/INR: Break below 94.00 on flows – Societe Generale

Societe Generale’s Kenneth Broux and co-authors highlight that the decline in Brent below $90 supports India’s terms of trade and coincides with stronger portfolio inflows into FAR‑eligible bonds and equities.

Rupee gains with Oil tailwind

"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."

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"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.)

РЫНОЧНЫЕ КОТИРОВКИ

Название / Символ
График
% Изменение / Цена
XBRUSD
Изменение за 1 д.
+1.07%
94.81
XTIUSD
Изменение за 1 д.
+0.86%
86.74
XPTUSD
Изменение за 1 д.
-0.83%
1543.85
XAUUSD
Изменение за 1 д.
-0.97%
4033.79