Add bullish wagers on Indian rupee versus Asia FX: Analysts

While Goldman Sachs’ pick is the long rupee/short Philippine peso positions and Societe Generale recommends long rupee/short Chinese yuan bets, one analyst at a Singapore-based hedge fund recommends long rupee bets versus a basket of Asian currencies. India’s current account deficit (CAD) narrowed sharply to $1.3 billion, or 0.2% of GDP, in the January-March quarter, from $16.8 billion, or 2% of GDP, in the September-December quarter.