# USD/INR: Backdrop of global risk aversion and higher oil prices negative for the Indian rupee – MUFG: Analytics and Market news from 1 April 2022 15:39

> 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.

- Date: 2022-04-01 · published 2022-04-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/42140-usd-inr-backdrop-of-global-risk-aversion-and-higher-oil-prices-negative-for-the
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- USDINR: bullish ▲

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3743162

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