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A Reuters poll of 45 strategists found the Indian rupee is expected to weaken to 68.90 per dollar by June 2019, near its record low of 69.09 set the prior week. Pressure comes from global trade tensions, emerging-market sell-offs and higher oil import costs.
A weaker rupee raises the cost of imported feed inputs and ingredients priced in dollars for Indian buyers, while oil-driven import costs tighten the import bill. Rupee weakness can also make Indian exports of feed-relevant commodities such as rice and meal more competitive.
thehindu.comReutersJul 7, 2018Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
