Yuan Set to Extend Surge Against Indian Rupee, Analysts Say

The yuan’s rally against the rupee may have further to run, potentially boosting India’s trade competitiveness, as authorities in the two nations diverge in how they manage their currencies, according to analysts.

Australia and New Zealand Banking Group Ltd. sees the rupee weakening to 13.58 per yuan by the year-end. Malayan Banking Bhd. expects the pair to move toward 13.30 by December, while Emkay Global Financial Services Ltd. sees it hitting that level in three to six months.