# Rupee Outlook: Why analysts believe Indian currency may see 83 levels again despite back-to-back appreciation – Check reasons

> The rupee closed at 81.90 per dollar after gaining 45 paise on Monday, helped by a weaker US dollar and steady foreign fund inflows. Analysts warn the currency could slide back toward 83 on a firm dollar and weak global sentiment.

- Date: 2022-12-01 · published 2022-12-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/38960-rupee-outlook-why-analysts-believe-indian-currency-may-see-83-levels-again
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Expected rupee weakness would raise the rupee cost of dollar-priced imports for India, a modest headwind for Indian buyers of imported feed ingredients.

## Read by commodity

- USDINR: bullish ▲

## Sources

- zeebiz.com: https://www.zeebiz.com/markets/currency/news-indian-rupee-outlook-why-analysts-believe-domestic-currency-may-see-83-levels-again-despite-back-to-back-appreciation-check-reasons-206600

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