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

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

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

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