EUR/INR: Still a good carry play - ANZ

Sandeep Kanihama FXStreet Contributor

ANZ analysts suggest that although the Indian economy faces multiple constraints on growth, the price action in INR is encouraging, especially given the recent back-up in oil prices.

Key Quotes

“We see EUR as a sell on rallies as disinflationary pressures in the euro area grows, prompting policy easing from the ECB.”

“Selling EUR/INR has positive carry of 8% annualised, which is very attractive in an environment of falling yields. INR is also the least exposed in Asia to US-China trade tensions.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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