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SBI's economic research department projects the USD/INR rate to stay elevated but average 76-78 per dollar in FY23, with an appreciating bias, assuming the Russia-Ukraine conflict continues. The report also suggests RBI could intervene in the NDF market without affecting rupee liquidity.
A projected stronger rupee would lower the cost of rupee-priced imports such as edible oils and feed ingredients, though the outlook remains elevated versus recent levels.
thehindubusinessline.comBL Mumbai BureauMar 14, 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.
