# Indian Rupee skewed towards weakness, INR to trade between 73-76

> 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.

- Date: 2021-05-15 · published 2021-05-15T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/47385-indian-rupee-skewed-towards-weakness-inr-to-trade-between-73-76
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- USDINR: bullish ▲

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/markets/indian-rupee-skewed-towards-weakness-inr-to-trade-between-73-76-6895551.html

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