The CHF to INR market bias is currently bearish as factors affecting both currencies have led to fluctuations.
Key drivers include interest rate differential, as the Swiss National Bank has cut rates amid low inflation, making the CHF less attractive. The Indian rupee faces pressure due to expectations of depreciation, with forecasts suggesting it may weaken significantly against the US dollar, indirectly impacting the INR against the CHF. Additionally, rising tariffs on Swiss exports have further weakened CHF strength, complicating its position.
The near-term trading range for CHF to INR is expected to remain stable, fluctuating within recent levels above its three-month average.
Upside risk could stem from a turnaround in Swiss export conditions if tariff disputes lessen, boosting CHF. Conversely, continued economic challenges in India, potentially driving INR weakness, poses a downside risk, which could push CHF higher against INR.