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A Bloomberg survey expects the Indian rupee to gain about 2% to 74 per dollar by end-December. The rupee has been pressured by rising oil prices and a stronger dollar, and is Asia's worst performer over the past month.
Large share sales, including Paytm's roughly $10 billion IPO, could bring foreign inflows.
A firmer rupee would lower India's import costs for dollar-priced feed ingredients and crude-linked freight. The effect is modest and depends on whether the expected inflows materialise.
livemint.comBloombergOct 14, 2021Not 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.
