INR: RBI Clamps down on NDFs as structural headwinds persist – Societe Generale

Societe Generale analysts note the RBI has barred banks from offering INR NDFs to residents and non-residents to curb speculation, but they argue Rupee headwinds remain structural, tied to FPI outflows, Oil shock dynamics and slowing domestic growth, with 10-year yields seen heading toward 7.20–7.25

CHF: Small wins support firm currency – Rabobank

Rabobank’s Senior FX Strategist Jane Foley discusses recent Swiss inflation data and implications for the Swiss Franc. Foley notes that low Swiss CPI reduces pressure on the SNB to cut rates below zero, while credible FX intervention and safe-haven demand should keep CHF firm.

US: Initial Jobless Claims dropped to 202K last week

According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance decreased to 202K for the week ending March 28.