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ICICI Bank's B. Prasanna said the rupee, up 0.7% in 2022, is likely to weaken over the longer term as foreign inflows ebb, with a widening trade deficit and high oil prices favoring depreciation.
He expects the central bank may intervene to stem the rupee's recent slide.
A forecast of rupee depreciation would raise India's cost of dollar-priced feed imports over time, though it is an analyst view rather than a new market-moving event.
theprint.inRonojoy MazumdarJan 12, 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.
