# Rupee's downslide to continue? Here's what this top forecaster thinks | News on Markets - Business Standard

> 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.

- Date: 2018-07-12 · published 2018-07-12T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/64315-rupee-s-downslide-to-continue-here-s-what-this-top-forecaster-thinks-news-on
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- USDINR: neutral

## Sources

- business-standard.com: https://www.business-standard.com/article/markets/rupee-s-downslide-to-continue-here-s-what-this-top-forecaster-thinks-118071200102_1.html

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