USD/INR in disarray

That’s how my friend who covers emerging markets for Reuters is describing the price action. The INR has just gapped another 1% lower in a matter of minutes. USD/INR currently above 68.50 and few sellers in sight; market now waiting for RBI to calm things down.

These moves will continue to weigh on the AUD and NZD as ‘risk’ currencies get whacked.

Leave a Reply

Your email address will not be published. Required fields are marked *