KarYong

SGDINR - More Upside in the Near / Medium Term

Long
FX_IDC:SGDINR   SINGAPORE DOLLAR / INDIAN RUPEE
Was in a discussion with one of our students from India asking about how's the outlook on Singapore Dollar (SGD) against Indian Rupee ( INR ).

Thought would be good to share our outlook for those who are looking at this two currencies as well.

My personal bias is that there is still more upside potential on this pair - meaning we can still expect to see some strength in the Singapore Dollar against the Indian Rupee in the near term, potentially towards 48.54 - 48.98 area.