Indian exporters should temper euro, pound hedges as dollar faces pressure

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Indian exporters should temper euro, pound hedges as dollar faces pressure - Business Standard

Quick Summary:

In fact, Goldman sees a 45 per cent chance of a US recession, with Barclays expecting one as soon as the second half of 2025.

Therefore, fund managers are more convinced now than in any period since 2006 that the dollar will continue to depreciate, according to a recent BofA Securities survey.

The dollar's slide has aided the rupee, though not enough to match the rally in the major currencies-sending euro/rupee and yen/rupee cross rates higher by more than 5 per cent in April.