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A Reuters poll of more than 55 foreign exchange strategists expects the rupee to underperform against the dollar in 2019, ahead of a national election in May. The poll forecasts the rupee at 71.0 per dollar in a year from about 71.8, and it has already lost about 3% this year.
Forecasts of a weak rupee through 2019 suggest sustained higher import costs for Indian feed buyers. The forecast is modest, so a sharp change in prices is not expected.
vccircle.comReutersFeb 6, 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.
