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Citigroup is positioning for a weaker rupee using options, while Nomura expects strong overseas inflows after Modi's election win. Citi's strategist said election exuberance is fading quickly.
The rupee is seen ending 2019 near 70 per dollar in a Bloomberg survey.
Diverging forecasts on the rupee reflect uncertainty over India's import costs for oil and edible oils. The view has little direct bearing on global feed grain or meal prices.
theprint.inSubhadip SircarMay 27, 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.
