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A Bloomberg analysis says the Reserve Bank of India is likely to let the rupee strengthen as it struggles with the impossible trinity, since inflation from supply chain and food price pressures has blocked rate cuts. The article notes the economy is forecast to shrink 10.3% in the year to March 2021.
Expected rupee appreciation would lower import costs for Indian feed and oilseed buyers, while persistent food inflation signals firm domestic food demand.
timesofindia.indiatimes.comBloombergOct 27, 2020Not 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.
