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A Reuters poll found the rupee will not recoup its 2019 losses in 2020 because of a slowing economy, despite five RBI rate cuts totaling 135 basis points. Analysts also flagged fiscal slippage risk after government stimulus measures.
Poll consensus for a weaker rupee through 2020 suggests a persistently higher local-currency cost for dollar-priced feed imports into India.
moneycontrol.comReutersNov 7, 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.
