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CLSA expects the Indian rupee to trade in a stable range of Rs73 to 76.50 per dollar over 2022-23. The brokerage argues that high foreign exchange reserves will limit depreciation even if the Fed begins tapering its stimulus.
It expects annual rupee depreciation to slow to about 2% from 5.2% in 2013-20.
A stable rupee outlook reduces currency-driven volatility in Indian feed import costs. Buyers can plan procurement with less exchange-rate risk than during past taper episodes.
5paisa.com5paisa Capital LtdSep 20, 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.
