UBS Securities

Rupee likely to strengthen towards 79 by end-FY24: UBS Securities

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Rupee likely to strengthen towards 79 by end-FY24: UBS Securities

Narrowing current account deficit will help the rupee strengthen against the dollar and appreciate to around 79 by the second half of the current fiscal, says a foreign brokerage report. The rupee is likely to strengthen towards 79 by end-FY24 from an average of 82 to the US dollar in FY23, Tanvee Gupta Jain, the … Read more

Probability of another 25 bps hike in April policy has gone up: Tanvee Gupta Jain

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Probability of another 25 bps hike in April policy has gone up: Tanvee Gupta Jain

“If you look at the numbers, the Street was at 4.7, we were at 4.6, the number came at 4.4, but largely if I adjust for the revisions in the previous quarters the data was largely as expected,” says Tanvee Gupta Jain, UBS Securities India Pvt Ltd.The government has revised both the FY21 and FY22 … Read more