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A Reuters poll of currency strategists expects the rupee to remain under pressure for at least a year, weakening to about 72.00 per dollar. The forecast reflects US-China trade war uncertainty, a 135 basis point rate-cut cycle this year and fiscal worries.
A persistently weaker rupee would keep Indian import costs for feed and oilseed inputs high and could support Indian export demand for competitively priced products.
wionews.comBharat SharmaDec 5, 2019Not 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.
