# Indian rupee to remain range-bound in near-term, inch up in a year: Reuters poll

> A Reuters poll expects the Indian rupee to stay range-bound near term and edge up over a year. The forecast cites expected rate cuts by the RBI being smaller than US Federal Reserve easing.

- Date: 2024-03-06 · published 2024-03-06T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/31475-indian-rupee-to-remain-range-bound-in-near-term-inch-up-in-a-year-reuters-poll
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A stable rupee keeps Indian import costs for feed ingredients predictable, with little direct effect on grain prices.

## Read by commodity

- USDINR: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/indian-rupee-remain-range-bound-near-term-inch-up-year-2024-03-06/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.