USD/INR: Break below 94.00 on flows – Societe Generale
Societe Generale’s Kenneth Broux and co-authors highlight that the decline in Brent below $90 supports India’s terms of trade and coincides with stronger portfolio inflows into FAR‑eligible bonds and equities.
Societe Generale's Kenneth Broux and co-authors report that the drop in Brent below $90 has improved India's terms of trade and is happening concurrently with increased portfolio inflows into FAR-eligible bonds and equities. The USD/INR currency pair has broken below 94.00 for the first time since April, while USD/MXN has slipped under 18.50, a trend more influenced by stock market recovery than energy price declines.
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