# Indian rupee may rise to 81/USD by 2024 end amid robust inflow hopes - Goldman Sachs

> 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.

- Date: 2024-01-02 · published 2024-01-02T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/32383-indian-rupee-may-rise-to-81-usd-by-2024-end-amid-robust-inflow-hopes-goldman
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- USDINR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/indian-rupee-may-rise-81usd-by-2024-end-amid-robust-inflow-hopes-goldman-sachs-2024-01-02/

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