Fitch Sees India Rupee Rebounding to 82 Per Dollar on Bond Inflows [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
Most Read from Bloomberg Trump Judge Indefinitely Postpones Documents Case Trial Israel Says a Cease-Fire Plan Backed by Hamas Falls Short One Out of Every 24 New York City Residents Is Now a Millionaire Einhorn Says Markets Are ‘Broken.' Here's What Data Shows The rupee is expected to appreciate to 82 per dollar by the year-end, from about 83.50 currently, Jeremy Zook, a director at Fitch in Hong Kong, said in an interview last week. The Reserve Bank of India may continue to prevent any sharp swings in the currency by absorbing inflows, he said. India's bond market is likely to see additional inflows of as much as $30 billion after the nation's inclusion in JPMorgan Chase & Co.'s emerging market index starting in June. The flows will test the RBI's tight grip on the rupee that helped limit volatility in the currency and aided the nation's export competitiveness. Even though the currency touched a record low of 83.58 against the dollar in April, it has outperformed emer
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JPM
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- 4/12/24 - Beat
JPM
Sec Filings
- 5/17/24 - Form 424B2
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- 5/17/24 - Form 424B2
- JPM's page on the SEC website