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MUFG expects USD/INR to trade between 70.00 and 75.50 in the first quarter and forecasts 74.25 by year-end. It cites RBI easing and a worsening terms of trade from higher oil prices as pressures on the rupee.
Higher oil prices and expected RBI easing would weaken the rupee, raising the cost of dollar-priced imports for Indian feed buyers. Losses are expected to be partly cushioned by dollar weakness.
forexcrunch.comFX StreetFeb 2, 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.
