USD to INR Forecast 21-1-19
USD to INR has been moving perfectly as per our given forecast. Regular readers of this website are well aware that when USDINR was trading around 69.50 we had clearly mentioned that more or less the bottom for the current move is done and now we should start seeing higher levels. Going forward USD to INR forecast we see that overall trend for the rupee will remain weaker and based on my forecast and predictions we see USDINR pair trading above 75 again. We do not see much downside now and we do not see the rupee trading below 69 to the dollar and in the coming time if we do get any dip in USDINR towards 70.30-70.50 then it will be a buying opportunity. Our advise to importers is that they must book positions in advance as we see higher rates in the coming days and months as far as exporters are concerned we highly recommend that they should be delaying payments as much as possible as eventually you will keep getting higher rates.
Many of you are asking me why is that we see rupee to move again below 75 and one of the main reasons for our outlook is significant fiscal slippage. The on coming elections will force the Central Govt to announce some significant steps for farmers now that could end up being in the form of direct cash transfer or some sort of subsidies or some form of farm loan waiver but the modality is not important whatever modality is undertaken there will be significant fiscal slippage and that rerate the rupee and take it lower.
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Good Trading To You!