Illinois Finance Authority
The rupee has nearly depreciated by 12-14{f5f5ae954a8e2bb59032db440446b01ae6f158699d3c50ea5a160f4ef1729565} against the US dollar since early March and has been pushed by a mix of deteriorating world risk sentiment and bleak home fundamentals. There may be hardly any room for enchancment in domestic macro fundamentals within the close to time period, therefore any pullback within the dollar/rupee is prone to be largely dependent on coverage initiatives or an enchancment in world risk-appetite. CMD Money Issues Financial Services Ltd Rajesh Sharma says the RBI is expected to drift dollar-denominated bonds by way of public sector banks for non-resident Indian investors. The RBI has earlier additionally borne the alternate rate threat on such bonds. The interest rates shall be considerably larger than these on dollar-denominated property. If nicely structured and executed this scheme may set off $10- $15 billion of inflows in a short while. The greenback/rupee is predicted to hover round fifty five-fifty six … Read More