The Indian Rupee (INR) has been one of the strongest performing Asian currencies this year and has appreciated steadily with the spot USD/INR rates settling between USDINR 63.60 to USDINR 64.60 since April 2017. Strong capital inflows have helped the Indian Rupees cause along with RBI’s hawkish stance. This narrow range of USD/INR movement has played a role in the low volatility of USD/INR. The volatility of INR/USD is at its lowest in 12 months.
With the possible downward USD/INR movement, increased volatility is expected in the next 12 months in FX market and in INR. How about using the current flat volatility and the possible future price movement coupled with a spike in volatility to your company’s advantage! Let IBSFINtech’s Innovative & Integrated Treasury Management Software do the FX management work for you to help you maintain the right currency exposure at the right rate.