Indian Rupee: Rangebound performance with debt inflows – Societe Generale
Par FXStreet Insights Team
Mis à jour: 26 Jun 2026
ARTICLES POPULAIRES
Societe Generale strategists notes that the Indian Rupee (INR) traded broadly flat over the week but outperformed regional peers thanks to debt portfolio inflows. They highlight that broad US Dollar (USD) strength overshadowed moves in Gold and Brent.
Societe Generale strategists notes that the Indian Rupee (INR) traded broadly flat over the week but outperformed regional peers thanks to debt portfolio inflows. They highlight that broad US Dollar (USD) strength overshadowed moves in Gold and Brent. Domestic bonds rallied as Reserve Bank of India (RBI) Governor Malhotra pushed back on tighter policy speculation, while the composite PMI eased, signaling softer momentum in manufacturing and services.
INR steady as bonds extend gains
"The INR traded broadly flat over the week, outperforming regional peers on debt portfolio inflows."
"IGBs extended gains with 10y yields retracing to 6.75% after RBI Governor Malhotra pushed back on speculation of tighter policy."
"The dovish repricing pulled the 1y OIS down to 5.75% from 6.38% a month ago. "
"On the data front, the composite PMI eased to 57.4 in June from 59.3 in May, reflecting softer momentum in manufacturing and services."
"However, broad dollar strength trumped the breakdown in gold prices below $4,000/oz and Brent to pre-war levels."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Plus d’un million d’utilisateurs se tournent vers FXStreet pour des données de marché en temps réel, des outils de graphiques, des analyses d’experts et des actualités Forex. Leur calendrier économique complet et leurs webinaires éducatifs aident les traders à rester informés et à prendre des décisions éclairées. FXStreet s’appuie sur une équipe d’environ 60 professionnels répartis entre le siège de Barcelone et diverses régions du monde.
Lire la suite
