# USD/INR: RBI further easing and deterioration in terms of trade to place downward pressure on the rupee - MUFG - Forex Crunch

> 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.

- Date: 2021-02-02 · published 2021-02-02T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/48926-usd-inr-rbi-further-easing-and-deterioration-in-terms-of-trade-to-place
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- USDINR: bullish ▲

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2021/02/02/usd-inr-rbi-further-easing-and-deterioration-in-terms-of-trade-to-place-downward-pressure-on-the-rupee-mufg/

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