# Currency traders split on which way India's rupee will move next | The National

> The rupee was Asia's worst performer in the first half of 2020, falling 7.4% against the dollar by April before recovering partly. Analysts are split, with some forecasting record lows near 80 and others seeing the worst as over.

- Date: 2020-07-04 · published 2020-07-04T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/52385-currency-traders-split-on-which-way-india-s-rupee-will-move-next-the-national
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Expectations of further rupee weakness would raise India's import costs for feed and oil, while a recovery would ease them.

## Read by commodity

- USDINR: neutral

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/currency-traders-split-on-which-way-india-s-rupee-will-move-next-1.1043923

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