Fidelity International considers the Indian rupee an attractive carry trade pick due to RBI's control.
Fidelity International views the Indian rupee as an attractive carry trade pick due to the Reserve Bank of India's (RBI) tight control over the currency. The high yield and low volatility make it "arguably one of the most attractive currencies on the planet," according to Paul Greer, a money manager at Fidelity. However, traders should be cautious as they may face losses from a sudden policy shift.
April 29, 2024
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