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Emirates NBD forecasts the rupee will strengthen to 67.5 per dollar by end-September, against a consensus of record lows, with Macquarie seeing 71 early next year. The bank argues that elevated oil prices and dollar strength will dissipate in the medium term.
Divergent rupee forecasts leave Indian feed importers uncertain about dollar-cost hedging. A stronger rupee would lower the cost of imported feed ingredients, while a weaker one would raise it.
business-standard.comBloombergJul 12, 2018Not 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.
