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MUFG’s Lin Li, Michael Wan, Lloyd Chan and Khang Sek Lee note that India’s fourth‑quarter GDP is expected to slow on weaker exports, though domestic demand remains resilient.
💡 DMK Insight
India’s GDP slowdown could shake up currency pairs, especially INR/USD. With weaker exports on the horizon, traders should keep an eye on how this affects the Indian Rupee. A decline in GDP growth signals potential economic challenges, which could lead to increased volatility in the forex market. If domestic demand holds strong, it might cushion the blow, but the overall sentiment could still lean bearish for the INR against major currencies. Watch for key support levels around recent lows; a breach could trigger further selling pressure. On the flip side, if domestic consumption surprises to the upside, it could provide a short-term boost to the INR, making it a potential buy on dips. Keep an eye on upcoming economic data releases for clearer signals on market direction.
📮 Takeaway
Watch the INR/USD closely; a breach of key support levels could signal further downside risk amid slowing GDP growth.
