# Rupee may remain under depreciation pressure, says Economic Survey - Times of India

> India's Economic Survey 2022-23 said the rupee may stay under depreciation pressure as exports plateau and the current account deficit widens to 4.4% of GDP in the September quarter. The rupee opened weaker at 81.64 per dollar, and the survey noted commodity prices remain above pre-Ukraine-war levels.

- Date: 2023-01-31 · published 2023-01-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/38048-rupee-may-remain-under-depreciation-pressure-says-economic-survey-times-of-india
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A persistently weak rupee and high import bill can raise India's cost of imported vegetable oils, feed ingredients and fertiliser, supporting import-parity prices.

## Read by commodity

- USDINR: bullish ▲

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/rupee-may-remain-under-depreciation-pressure-says-economic-survey/articleshow/97484156.cms

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