# Why the tough times could be over for the Indian rupee – Asia's worst-performing currency | The National

> The Indian rupee, Asia's worst-performing currency this year, is forecast by a Bloomberg survey to strengthen to 75 per dollar by December, about 1% above Friday's close of 75.6475. The currency has fallen 5.6% in 2020, and foreign inflows into Indian stocks have been strong.

- Date: 2020-06-29 · published 2020-06-29T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/52891-why-the-tough-times-could-be-over-for-the-indian-rupee-asia-s-worst-performing
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A firmer rupee raises the cost of Indian dollar-priced imports, while the expected current-account surplus and inflows reduce pressure on India's import-dependent feed inputs. The effect on global feed grain prices is marginal.

## Read by commodity

- USDINR: bearish ▼

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/money/why-the-tough-times-could-be-over-for-the-indian-rupee-asia-s-worst-performing-currency-1.1040949

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