Business Standard

Rupee at 80, 10-year IGB at 8%: The five bearish forecasts from UBS

The brokerage sees the yield on the 10-year India government bond (IGB) topping the 8 per cent mark before the end of the fiscal.

Indian rupee
Premium

Photo: Bloomberg

Samie Modak Mumbai
The selloff in the Indian market is showing no signs of easing with the Nifty on Thursday dropping to its lowest level in more than a year following the US Federal Reserve’s decision to hike policy rates by 75 basis points (bps), steepest since 1994. UBS has issued a note in which it has several red flags for the Indian market. Here are five of them that should prompt investors thread with caution:

INR at 80 v USD

UBS Emerging Market (EM) strategist expects the INR to weaken to 80 against the USD in the next three months, with risks

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 16 2022 | 2:51 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com