# Rupee's wild ride may end as foreign inflows surge: Credit Agricole CIB | Money & Forex Markets - Business Standard

> Credit Agricole CIB expects the rupee's volatility to ease as surging foreign inflows and a possible hawkish RBI turn support the currency. The bank forecasts 74 per dollar at year-end versus a Wednesday close of 74.59.

- Date: 2021-07-15 · published 2021-07-15T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/46344-rupee-s-wild-ride-may-end-as-foreign-inflows-surge-credit-agricole-cib-money
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher oil prices and rising commodity imports threaten India's current account, but a firmer rupee would lower the local cost of imported feed ingredients.

## Read by commodity

- WTI: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-06-22 | [Rupee hits fresh all-time low vs dollar as US rate hike worries deepen \| News on Markets - Business Standard](https://feedsoft.ai/events/41217-rupee-hits-fresh-all-time-low-vs-dollar-as-us-rate-hike-worries-deepen-news-on.md) | +2.2% | -6.2% |
| WTI | 2020-06-30 | [C$ pares monthly gain as data shows record economic contraction - Markets - Business Recorder](https://feedsoft.ai/events/52858-c-pares-monthly-gain-as-data-shows-record-economic-contraction-markets-business.md) | +2.3% | +3.2% |
| WTI | 2022-11-28 | [C$ hits one-week low as China protests rattle investors - Markets - Business Recorder](https://feedsoft.ai/events/38912-c-hits-one-week-low-as-china-protests-rattle-investors-markets-business-recorder.md) | +4.6% | +4.2% |
| WTI | 2022-11-24 | [Canadian dollar steadies as investors cheer Fed’s dovish signal - Markets - Business Recorder](https://feedsoft.ai/events/38909-canadian-dollar-steadies-as-investors-cheer-fed-s-dovish-signal-markets.md) | +4.1% | -0.4% |
| WTI | 2021-05-19 | [US MIDDAY: Soyabean, wheat and corn plunge - Markets - Business Recorder](https://feedsoft.ai/events/12365-us-midday-soyabean-wheat-and-corn-plunge-markets-business-recorder.md) | +1.1% | +10.0% |

## Sources

- business-standard.com: https://www.business-standard.com/article/finance/rupee-s-wild-ride-may-end-as-foreign-inflows-surge-credit-agricole-cib-121071500323_1.html

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