{"id":230248,"date":"2024-01-16T13:40:16","date_gmt":"2024-01-16T08:10:16","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=230248"},"modified":"2024-01-16T13:40:16","modified_gmt":"2024-01-16T08:10:16","slug":"usd-inr-seen-at-83-00-in-3-months-and-81-50-in-12-months-mufg-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/usd-inr-seen-at-83-00-in-3-months-and-81-50-in-12-months-mufg-crypto-news\/","title":{"rendered":"USD\/INR seen at 83.00 in 3 months and 81.50 in 12 months \u2013 MUFG &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>Economists at MUFG Bank remove their cautious view on the Indian Rupee (INR) and now see USD\/INR at 81.50 by year-end \u2013 from 82.00 previously.<\/p>\n<h2 class=\"fxs_headline_medium\">RBI to continue intervening to absorb FX inflows, limiting extent of INR appreciation<\/h2>\n<blockquote>\n<p>We think the balance of risks now tilt towards a stronger INR from here, and we remove our cautious view on INR.<\/p>\n<\/blockquote>\n<blockquote>\n<p>We now forecast USD\/INR at 83.00 in 3 months and 81.50 in 12 months (from 83.30 and 82.00 previously), and also continue to expect RBI to accumulate FX reserves through 2024, thereby limiting the extent of INR appreciation.<\/p>\n<\/blockquote>\n<blockquote>\n<p>We think RBI will allow USD\/INR to fall more once US Dollar weakness becomes clearer.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Economists at MUFG Bank remove their cautious view on the Indian Rupee (INR) and now see USD\/INR at 81.50 by year-end \u2013 from 82.00 previously. RBI to continue intervening to absorb FX inflows, limiting extent of INR appreciation We think the balance of risks now tilt towards a stronger INR from here, and we [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,289,250,252,247,253,249,1109,256,254],"class_list":["post-230248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-india","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdinr","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/230248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=230248"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/230248\/revisions"}],"predecessor-version":[{"id":230249,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/230248\/revisions\/230249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8374"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=230248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=230248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=230248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}