INR Traded Flat Despite Debt Inflows, Says SocGen
Societe Generale strategists note the Indian Rupee traded broadly flat over the week but outperformed regional peers due to debt portfolio inflows, while broad USD strength overshadowed moves in gold.
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According to Societe Generale, the Indian Rupee (INR) traded in a rangebound manner over the past week, finishing broadly flat. However, the currency outperformed its regional peers, supported by debt portfolio inflows.
The strategists also highlighted that broad US Dollar strength overshadowed moves in gold and other assets during the period.
Source: FXStreet Forex News