Indian rupee performing well compared to other currencies - HSBC

INDIAN RUPEE PERFORMING WELL COMPARED TO OTHER CURRENCIES - HSBC HSBC Global Head of Foreign Exchange Strategy David Bloom says the rupee is performing well compared to other currencies around the world. SHOWS: HONG KONG, CHINA (JANUARY 16, 2015) (REUTERS - ACCESS ALL) 1. SLATE, READING (English): "THE RUPEE HAS HIT A 6-WEEK HIGH. WHAT IS YOUR OUTLOOK FOR THE CURRENCY FOR THE NEXT 6 TO 12 MONTHS?" 2. HSBC, GLOBAL HEAD OF FOREIGN EXCHANGE STRATEGY, DAVID BLOOM, SAYING: "It should be one of those currencies that are outperforming and we have it going to about 63 by the end of the year and stabilising around there because of the lower oil price. But as I said when the dollar is rallying it is very difficult to be outperforming. What outperforming is you fall by less compared to others so if you look at Brazil for example and our forecast for the euro, sterling you know the yen, these currencies are falling quite a far way. So we've got the Indian rupee weakening but not weakening as much as many other currencies because as I said outperformance means falling by less against the dollar. So still a weaker currency but compared to the rest of the world it should do quite well." 3. SLATE, READING (English): "WHAT IS YOUR OUTLOOK FOR THE EURO?" 4. HSBC, GLOBAL HEAD OF FOREIGN EXCHANGE STRATEGY, DAVID BLOOM, SAYING: "So the euro, everything in life changes but in FX markets you can always land up where you started and the euro started at this level that we are roughly at at the moment. And we have got the euro falling to about 1.15 by the end of the year and that fall will continue we think into 2016 to 1.12 and the risks of course are that you know getting quite worried about the Greek election, the UK election where we may possibly eventually have an in out vote on the EU which I think is damaging for the euro zone. So as I said it is the year of the goat, and the most sure-footed trader I think there is, is the euro is going lower, add to this the ECB is going to do a half a trillion euro's worth of QE and you have the recipe I thin...

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