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A State Bank of India Ecowrap report says large dollar supply will push the rupee higher from current levels. It argues the Reserve Bank of India can allow the appreciation to reduce imported inflation as metal prices rise and to drain excess liquidity.
A stronger rupee would lower India's domestic cost of imported commodities, including feed inputs. The report's view points to continued rupee appreciation.
thehindubusinessline.comOur BureauMay 10, 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.
