Fed Turns Dovish, Sentiment To Favor Rupee By Edelweiss

INR has been one of the best performing currencies among most Asian currencies. The rupee has remained around the same level from the beginning of the year, while most other Asian currencies have depreciated 2-5%. We believe that INR will continue to outperform other EM and Asian currencies. There are several factors that are working in favor of the INR currently

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