# USD/INR Price News: Rupee ignores IMF’s India 2021 growth forecast ahead of Fed — Octa

> The rupee held near 74.45 per dollar as the IMF cut India's FY2021 GDP forecast to 9.5% and India reported 43,654 new COVID infections. Markets were positioned ahead of the Fed meeting, where tapering was expected.

- Date: 2021-07-28 · published 2021-07-28T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/46345-usd-inr-price-news-rupee-ignores-imf-s-india-2021-growth-forecast-ahead-of-fed
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Weaker Indian growth outlook reduces near-term demand for feed and protein, while the pre-Fed dollar tone affects import costs for Indian feed buyers.

## Read by commodity

- USDINR: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/915023/

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