Loading…
Goldman Sachs projected the rupee would appreciate to 81 per US dollar over the next 12 months on expected heavy foreign capital inflows. The bank said the currency would still underperform Asian peers because the Reserve Bank of India would keep buying dollars to build reserves.
A stronger rupee lowers the local cost of imported feed inputs for India, but the forecast is a bank view rather than a new shock. Price impact on feed commodities is minimal.
reuters.comJan 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.
