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MUFG Bank expects USD/INR to rise to 78.50 by the end of the third quarter, citing the Ukraine war, risk aversion and higher oil and gold prices. It warns that India's trade deficit and current account deficit will widen, and that weak portfolio inflows will add pressure on the rupee.
Higher oil import costs weaken the rupee and raise India's feed and food import bill, which can make the import-driven feed ingredients more expensive for Indian buyers.
teletrade.orgApr 1, 2022Not 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.
