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Standard Chartered's Parul Mittal Sinha expects the rupee to fall about 4% to 76.50 per dollar by end-2021, as higher oil prices and a shift to a current-account deficit weigh on it. The bank also notes that central bank FX purchases are set to slow in the coming fiscal year.
A weaker rupee would make dollar-priced imports, including crude oil and other commodities, more expensive for India. This is a forecast, so the near-term price effect is limited.
forexcrunch.comFX StreetMar 31, 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.
