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The rupee fell 8% against the dollar in FY23, reaching a low of 83.28 in October, and weathered net portfolio outflows of over $7 billion. Analysts expect an appreciation bias to continue into FY24 as the current account moved into surplus.
A weaker rupee in FY23 raised India's import costs and supported its export competitiveness. Expected appreciation would modestly ease costs for Indian buyers of imported feed ingredients.
cnbctv18.comMar 31, 2023Not 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.
