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A Moneycontrol analyst expects the rupee to trade broadly between 73 and 76 per dollar in coming months. The rupee has been weak in the second quarter of 2021 despite a broad dollar decline, mainly because of Covid-related outflows and unwinding of short dollar positions.
A weaker rupee raises India's local-currency cost of dollar-priced feed and oilseed imports. The forecast points to rupee weakness in the near term.
moneycontrol.comMay 15, 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.
