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A Reuters poll of strategists expects the rupee to weaken further against the dollar over the coming year because growth is unlikely to pick up significantly. The coronavirus outbreak is seen as a downside risk.
Analysts also expect the dollar, yen and Swiss franc to remain safe-haven favorites.
Expectations of a weaker rupee would raise the cost of dollar-priced feed imports for India over the coming year. Forecasts like this are sentiment indicators and do not directly move feed prices.
ft.lkFeb 9, 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.
