Rupee bonds tipped to return 10% in 2016

Just as China’s currency continues to fall against the dollar – and wreak havoc in the markets as it does so – most other Asian currencies are also tipped to weaken against the greenback this year. Apart, that is, from the Indian rupee. Bank of America Merrill Lynch forecasts that onshore renminbi (CNY) will drop to 6.9/dollar by end-2016. Moreover, by December 30 it tips the South Korea won to hit 1,250, the Indonesian rupiah 1,500, the Malaysian ringgit 4.68, the Singapore dolla…