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Sunday, June 30, 2024

Goldman Sachs favours the Euro for its favorite carry trade, the Rupee

Goldman Sachs carry trades the Rupee using Euros, betting the European Central Bank will further reduce interest rates, while the RBI keeps the Rupee stable.
The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City. (Reuters)
The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City. (Reuters)

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News business Goldman Sachs favours the Euro for its favorite carry trade, the Rupee