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Nomura expects the rupee to rally about 2% to 82 per dollar by end-August, citing portfolio inflows, a less aggressive RBI and possible US rate cuts. The bank noted the RBI has regularly intervened to prevent rupee appreciation.
A stronger rupee would make dollar-priced Indian feed imports cheaper, but the RBI's intervention limits the expected move.
hindustantimes.comReutersJul 2, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
