Quotes from Danske Bank:
-We believe that INR will be one of the best performing Asian currencies in 2015, albeit it will weaken a bit against USD. The main reasons are (1) a marked improvement in the current account that should continue in the wake of the recent drop in crude oil prices; (2) possible acceleration in economic reforms under a strong new BJP-led government; (3) credible/hawkish central bank; and (4) gradual cyclical recovery in India.
-In 2015, gradual monetary tightening in the US should gradually start to weigh on INR. However, because the Indian money and bond markets are relatively closed, Indi a should also be less sensitive to higher interest rates in the US than other emerging markets. Hence, a major depreciation is unlikely.
