Asian Stocks Drop as Trump Signals Iran War Escalation 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Bank of Japan Eyes Further Rate Hikes Amid Middle East Tensions and Inflation Pressures 
China's Energy Resilience Shields Economy From Global Oil Shock, Goldman Sachs Says 
Australia's Trade Surplus Surges in February on Gold Export Boom 
Asian Currencies Weaken as Dollar Rebounds Amid Middle East Escalation 
Japan Signals Readiness to Intervene as Yen Weakens Toward 160 Per Dollar 
U.S. Warplane Shot Down by Iran Amid Escalating Middle East Conflict 
Oil Prices Surge Over $5 as Trump Vows to Continue Iran Strikes 
U.S. Stock Futures Steady Amid Iran Ceasefire Talks and Trump Address 
Japan's Services Sector Growth Slows in March Amid Rising Middle East Tensions 
The USD/INR currency pair is expected to see some retracement once the election-victory euphoria of the Bhartiya Janata Party fades, just as what markets witnessed following the 2014 election of Prime Minister Narendra Modi.
The strong rally in the India rupee this week was the result of the BJP’s strong showing in the state elections. Expectations of further economic reforms by the Modi government have increased as a result, leading to strong foreign inflows into Indian asset markets.
The rally in the INR looks overdone as it has taken the currency to expensive levels on a real effective exchange rate (REER) basis.
"However, the moves in the currency have led us to upgrade our forecasts and we now expect USD/INR to end the year at 67.5 (vs 69.5 previously)," ANZ Research commented in its latest research report.
