# Importers must hedge near-term exposures on dollar rally risk, say analysts | News - Business Standard

> Analysts advised Indian importers to hedge near-term foreign currency payments because the U.S. dollar is projected to strengthen against most Asian currencies in July-September. BofA expects Fed quarter-point hikes in July and November, and Powell said two more hikes were likely.

- Date: 2023-06-30 · published 2023-06-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/35780-importers-must-hedge-near-term-exposures-on-dollar-rally-risk-say-analysts-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A stronger dollar raises the rupee cost of dollar-priced feed imports such as soymeal, corn and fishmeal, which pressures Indian feed costs and import margins.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-08-31 | [Dollar holds near two-week high as bets rise on September Fed rate hike \| Markets News - Business Standard](https://feedsoft.ai/events/18081-dollar-holds-near-two-week-high-as-bets-rise-on-september-fed-rate-hike-markets.md) | -0.6% | +1.6% |
| DXY | 2024-11-06 | [Dollar surges, set for biggest one-day rise since March 2023 against peers \| World News - Business Standard](https://feedsoft.ai/events/6859-dollar-surges-set-for-biggest-one-day-rise-since-march-2023-against-peers-world.md) | +1.9% | +1.5% |
| DXY | 2018-06-14 | [Here’s how the ECB just breathed new life into the dollar rally, analysts say - MarketWatch](https://feedsoft.ai/events/64721-here-s-how-the-ecb-just-breathed-new-life-into-the-dollar-rally-analysts-say.md) | +1.1% | +0.5% |
| DXY | 2022-10-31 | [Dollar strengthens as US Fed expected to stay hawkish; yen fragile \| International News Others - Business Standard](https://feedsoft.ai/events/39323-dollar-strengthens-as-us-fed-expected-to-stay-hawkish-yen-fragile-international.md) | -0.1% | -2.8% |
| DXY | 2022-08-31 | [Rupee outperforms most EM peers as dollar surges to a 20-year high \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/40315-rupee-outperforms-most-em-peers-as-dollar-surges-to-a-20-year-high-money-and.md) | +0.9% | +3.6% |

## Sources

- business-standard.com: https://www.business-standard.com/industry/news/importers-must-hedge-near-term-exposures-on-dollar-rally-risk-say-analysts-123063000284_1.html

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