"The uncertainty around slowing sequential global growth and the Fed's policy normalisation should therefore leave the as an outperformer in Asia," he said.
HSBC expects the rupee to hold up "relatively well" in a stronger dollar environment as persistent FDI inflows and better foreign-exchange reserves will help the currency withstand external headwinds, Madan Reddy, Asia foreign-exchange strategist at HSBC Global Research, told CNBC. In the longer term, the bank expects modest weakness where the rupee could weaken to 75 against the dollar. It expects the rupee to reach 73 against the dollar by year-end and says the currency will likely end flat with its end-2020 level. Personal Loans for 670 Credit Score or Lowerīritish investment bank HSBC has a more positive view on the Indian currency. Personal Loans for 580 Credit Score or Lower
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