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Kunal Kundu, Vice President and Chief Economist India at Societe Generale, comments the Indian Rupee evolution

19/08/2015

In a recent article published on the India Times website about the Indian Rupee, Kunal Kundu, Vice President and Chief Economist India at Societe Generale comments the recent evolutions of the Indian currency following the Yuan devaluation.

''Post the recent CNY devaluation, expectations of a Fed rate hike in September have decreased somewhat, though it still remains our base-case scenario. As per Bloomberg's WIRP (world interest rate probability), the probability of a rate hike came down from 60 per cent to 40 per cent before moving up again to 46 per cent today.''
Kunal Kundu, Vice President and Chief Economist India at Societe Generale

To read the article, please visit: www.indiatimes.com