# Forward premiums reverse course on Indian rupee fall, bets of RBI absence | Kitco News

> Forward premiums on the USD/INR fell after the rupee slid past 82 per dollar, with analysts saying the RBI was likely absent from the forward market. The 1-year forward implied yield dropped to 2.22%. Shares of the Adani Group added to the currency's weakness.

- Date: 2023-02-03 · published 2023-02-03T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/37612-forward-premiums-reverse-course-on-indian-rupee-fall-bets-of-rbi-absence-kitco
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Lower forward premiums and reduced RBI forward activity suggest less central bank support for the rupee, which raises the risk of further currency-driven increases in Indian feed import costs. Weakness in the rupee makes imported feed ingredients more expensive in local terms.

## Read by commodity

- USDINR: bullish ▲

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-02-03/forward-premiums-reverse-course-indian-rupee-fall-bets-rbi-absence

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