# FY19 Outlook: Bonds and Indian Rupee to Face Headwinds

> India Ratings expects the 10-year government bond yield to reach 7.5-7.6% by the end of FY19 and the rupee to average 66.06 per dollar in FY19. Ind-Ra forecasts a fiscal deficit of 3.2% of GDP for FY19 and a widening current account deficit.

- Date: 2018-01-18 · published 2018-01-18T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/67260-fy19-outlook-bonds-and-indian-rupee-to-face-headwinds
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A forecast of rupee depreciation and wider deficits points to a more expensive dollar for Indian feed importers over the medium term. The outlook has limited near-term price impact on feed.

## Read by commodity

- USDINR: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/news-cm/fy19-outlook-bonds-and-indian-rupee-to-face-headwinds-118011800638_1.html

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