# No agreement on which way rupee is headed as election exuberance fizzles out

> 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.

- Date: 2019-05-27 · published 2019-05-27T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/59359-no-agreement-on-which-way-rupee-is-headed-as-election-exuberance-fizzles-out
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- USDINR: neutral

## Sources

- theprint.in: https://theprint.in/economy/no-agreement-on-which-way-rupee-is-headed-as-election-exuberance-fizzles-out/241392/

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