Chinese Yuan and Indian Rupee set to appreciate at a rapid pace – Westpac

Market news

17 February 2023

Chinese Yuan and Indian Rupee set to appreciate at a rapid pace – Westpac

Economists at Westpac updated their forecasts for the USD/CNY and USD/INR pairs by the end of 2023 and 2024.

CNY and INR have great promise

“The USD/CNY pair is expected to see a large sustained move to 6.50 end-2023 and Y6.10 end-2024.”

“India’s Rupee is also poised to be appreciated at a rapid pace. USD/INR at 75 and USD/INR at 72 are the forecast levels for the end-2023 and 2024.”

See – USD/CNY: Resumption of Dollar’s strength to drive a small rebound – Danske Bank

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