Indian Rupee: US government shutdown (if any) to benefit the - TopicsExpress

Indian Rupee: US government shutdown (if any) to benefit the rupee. Do not look too much into current account deficit numbers. The July to September numbers current account deficit (CAD) numbers and balance of payment numbers will be far better than what markets expect. We believe that the CAD has peaked and the trend only is lower. Rupee will be volatile. Tomorrow markets are closed and traders will prefer to go long than short in the rupee due to uncertainties over a US government shutdown. A US government shutdown will result in more gains for the Indian rupee as it will delay withdrawal of easy monetary policy or tapering as called by the markets. #iktrust

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