USD/INR to breach 80 by 4Q this year – SocGen

USD/INR has reached new highs amid persistent equity outflows, and higher oil prices. Economists at Société Générale expect the pair to surge above 80 by the fourth quarter.

RBI interventions limit runaway depreciation risks

“RBI interventions limit runaway depreciation risks, but the trend weakness is unlikely to reverse.” 

“We expect the USD/INR to breach 80 by 4Q this year.”