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Dollar Inflows, Crude Fall Strengthen Rupee | Expect $60-70 Bn In FCNR Flows: ICICI Securities

It's The Economy | FX flows via FCNR at $36.7 bn has cheered Rupee bulls, while Bloomberg deferring inclusion of India bonds in its index is impacting negatively.

How will rupee fare going forward? How will the high U.S. yields impact India ? Abhishek Upadhyay, Executive Vice President, Co-Head Economics & Fixed Income Research at I-Sec PD tells Latha Venkatesh.

- We expect $60-70 bn in FCNR flows, with overall flows likely to rise to $80-100 billion

- Bloomberg deferring inclusion of India bonds in index is more of a negative sentiment

- Could still see the start of the inclusion process by June or September next year

Hear out more on rates, RBI and Rupee.

#rupeerally #rupeevsusdollar #rupeeappreciation #rbi #reservebankofindia #fcnrdeposits #foreigninflows #foreigninvestments #crudeoilpricesfall #cnbctv18 #cnbctv18market #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday

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