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As a result of their revised Reserve Bank of India policy rate forecast, economists at Wells Fargo see the Ruppe coming under more downside pressure than previously expected.
We believe RBI policymakers keeping rates on hold through the end of this year is unlikely to materialize, so the Rupee may experience slightly more downside as markets price RBI rate cuts.
We now believe the Indian Rupee can experience more downside than we initially expected through the end of this year. To that point, we now believe the USD/INR pair can reach 83.25 by the end of this year before recovering ground over the course of 2024
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
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