India’s currency strengthened 1.4% in the third quarter, the most in two and a half years, and National Australia Bank says foreign investors will keep buying. Photo: BloombergMumbai: The Indian rupee’s top two forecasters are at odds as to how vulnerable the world’s fastest-growing major economy is to outside shocks. National Australia Bank Ltd, placed second, says the rupee will strengthen to 66.20 as economic growth and a narrowing current account deficit help offset any outflows from emerging markets. India’s currency strengthened 1.4% in the third quarter, the most in two and a half years, and National Australia Bank says foreign investors will keep buying. “We continue to see mild and broad upside in the dollar, but the rupee should outperform within the region.” Bloomberg

Source: Mint October 17, 2016 02:48 UTC