snakays

Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr hit newswires early Friday in the Antipodean session while delivering a speech titled "The Monetary Policy Remit and 2% Inflation" at the New Zealand Economics Forum in Hamilton, NZ. Key highlights: The RBNZ has more work to do to get inflation

Economists at MUFG Bank remove their cautious view on the Indian Rupee (INR) and now see USD/INR at 81.50 by year-end – from 82.00 previously. RBI to continue intervening to absorb FX inflows, limiting extent of INR appreciation We think the balance of risks now tilt towards a stronger INR from here