Mixed signals
Over the next few days, Indian stocks like the Nifty and Sensex are likely to rally because falling oil prices reduce input costs and improve the country's fiscal outlook. This is also expected to strengthen the Indian rupee (INR) as the trade deficit narrows. Meanwhile, the Canadian dollar (CAD) could weaken against the US dollar (USDCAD) since lower oil prices reduce demand for oil-linked currencies. If you're watching Indian markets, keep an eye on the Nifty and INR this week.
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