# USD/INR: Rupee to appreaciate into year-end, but it could weaken in 2022 – ANZ — Octa

> ANZ Bank forecasts the Indian rupee will appreciate into year-end on robust portfolio and direct investment inflows. It expects the currency could weaken in 2022 as a wider trade deficit from stronger import growth offsets that appreciation. The bank adds that the RBI may allow a weaker rupee to support export competitiveness.

- Date: 2021-09-29 · published 2021-09-29T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/45338-usd-inr-rupee-to-appreaciate-into-year-end-but-it-could-weaken-in-2022-anz-octa
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A forecast of rupee strength into year-end lowers the expected rupee cost of imported feed inputs in the near term. The outlook for 2022 is more mixed, so buyers should not assume a lasting currency benefit.

## Read by commodity

- USDINR: bearish ▼

## Sources

- ms.octabroker.com: https://ms.octabroker.com/markets/news/view/927297/

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