Loading…
The rupee held below 75 per dollar at 74.84 as BofA Securities forecast Indian GDP to contract 6% in FY2020-21 and expected the RBI to cut rates by 1%. The dollar was rising against major peers ahead of expected dovish Federal Reserve signals.
A weak economic outlook and rate cuts add pressure on the rupee, while a firmer dollar raises the cost of imported feed and oilseed products for India.
currencylive.comFiona CincottaJul 28, 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.
